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The cost of maintaining Trudeau's proposed 100,000 new hires is significant. As of 2023, Canada’s federal public service employs nearly 360,000 individuals. Over the next 20 years, sustaining this workforce will cost taxpayers close to $1 trillion. This immense figure emphasizes the unsustainable nature of the federal bureaucracy and highlights the pressing need for reform.

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We're exploring ways to improve the Postal Service, which has been losing significant amounts of money. One option is a potential merger with the Commerce Department. The goal is to create a more efficient postal service. Whether it's a full merger or simply leveraging talented people from other departments, we aim to reduce the losses. The Postal Service will remain, but we believe we can significantly improve its operations and financial performance. We're considering all options to keep it very similar to what it is now, but in a way that prevents it from losing tremendous amounts of money.

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The federal government is overspending, with deficits hitting record highs due to wars, welfare, and interest on debt. Tax revenue is not keeping up with spending, leading to a ballooning national debt. Interest payments on debt are consuming a large portion of tax revenue, making the situation unsustainable. The government shows no signs of cutting spending, leading to predictions of inflation, defaults, and debt crises in the future. This financial Ponzi scheme could end in disaster if not addressed soon.

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You are bankrupting the postal service through reputation alone. You are responsible for the fall of the postal service and its lack of accountability. No, Congress is responsible for the fall of the postal service. With all the AI and computer systems, you are worse than someone hand-delivering the mail. This is the response that the postmaster gave Congress when he doesn't like what he hears. He literally covered his ears and gave himself a grade of A. With that, I rest.

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A new government report reveals that thousands of postal workers are involved in mail theft. The inspector general reports a 47% increase in closed cases against employees last fiscal year compared to 2019, totaling nearly 6,000 cases. However, this figure may be an undercount due to insufficient mailroom supervisors and a lack of training to identify theft. The postal police union president highlights that these vulnerabilities are well-known, with criminals exploiting them to steal mail and then leave the job. Additionally, the postal service is unaware of the operational status of many of its over 18,000 surveillance cameras. The lack of transparency on this issue may stem from a desire to protect the postal service's reputation. For more details on the types of workers involved in mail theft, visit mbc7.com.

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I'm demanding refunds for US taxpayers due to alarming financial mismanagement within our federal government. Information from the Department of Government Efficiency reveals that the number of federal employee millionaires has more than doubled since 2021, estimating around 60,000 currently. This is suspicious considering the average federal employee salary is $86,000 annually. Given this, plus a national debt exceeding $36 trillion and a deficit over $2 trillion, I question the trustworthiness of these agencies. With evidence of potential payroll fraud and a lack of oversight from elected officials, I believe taxpayers deserve a refund. Our money has been irresponsibly squandered. Since they have failed to act responsibly with our finances, we deserve our money back.

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You bankrupted the postal service through your reputation alone. You are responsible for its fall and the lack of accountability. That is not true, the postal service is growing and Congress is responsible for the fall of the postal service. I am trying to fix it. On your watch, with all the AI and computer systems, the postal service has gotten worse. You're worse than if I took a horse and delivered it two miles down the road. This is the response that the Postmaster just gave Congress when he doesn't like what he hears. Literally covered his ears and gave himself the grade of A.

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Twitter, at least, was breaking even and passing audits. The federal government, however, is losing trillions annually and failing its audits. Senator Collins mentioned giving the Navy billions for submarines, only to find out the money disappeared without any new submarines. This level of waste is enabled because they're accustomed to operating this way without accountability. As Milton Friedman said, money is most poorly spent when you're spending someone else's money on people you don't know, which perfectly describes the federal government's situation.

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Thank you for being here. My district in the southeastern U.S. suffered from Hurricane Helene, impacting postal facilities. How many post offices in North Carolina are still closed, and how long will they remain so? Currently, about 10 post offices are closed, down from 30 after the hurricane, affecting 3 million delivery points. The Fleetwood post office is too small for its volume and relies on the Boone post office, causing delays. Can we expect Fleetwood to be moved or rebuilt? Despite efforts, USPS is projected to lose $9.5 billion this year. Is the Delivering for America plan effective? We just issued Delivery for America 2.0 to improve performance and revenue. We aim to cut costs by $5 billion and grow revenue by $3 billion. How do you determine the limits for postage rate increases? After years of not raising prices, we must adjust for inflation to sustain operations.

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- The DFA is a ten year strategic plan intended to transform the Postal Service into self sustaining and a high performing entity. - In fiscal year twenty twenty four, the OIG arrested 89 individuals involved in narcotics trafficking and helped secure 65 convictions. - The Postal Service's plan has not yet resulted in the financial gains it had originally projected. Initial financial projections are no longer relevant. - For fiscal year twenty twenty six, we originally asked for a budget of $306,700,000 all of which would be funded by the Postal Service and not tax revenues. - We have identified over $1,000,000,000 in potential labor cost savings through better management of employees. - We have identified more than 100,000 potentially actionable leads that we do not have the resources to address. - We have lost more than 10% of our staff.

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I'm addressing concerns about the Postal Service operating like a private business while facing declining first-class mail volume. Despite this, employee numbers have increased, which seems counterintuitive in a declining business. The issue isn't about changing the laws governing the Postal Service but trying to fix the current situation. There is also concern about shifting costs rather than true reform, especially regarding healthcare and pension expenses. Insourcing jobs increase these costs compared to using contractors. While the reform package aimed to alleviate these expenses, the decision to hire more government employees exacerbates the problem. It would make more sense to hire contractors to avoid these government labor-associated costs.

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The speakers discuss mules delivering mail to the bottom of the Grand Canyon and whether this system should be modernized. They then discuss the postal service, stating that many people don't realize there's a law requiring the post office to have a balanced budget. Since 2007, the postal service has reportedly lost money almost every year. According to the speakers, additional regulations put in place around that time crippled the postal service and put them on a bad path. They believe the postal service is stuck in the past and losing money. While they appreciate postal employees going to the hardest parts of the country, they think the postal service can be modernized and become profitable.

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Postmaster DeJoy, while I appreciate your efforts to improve the Postal Service, my concern remains the financial losses. The public wants government efficiency, and while privatization is often suggested, no private company is willing to handle universal mail delivery. However, there are opportunities for partnerships in mail sorting. Your reorganization plan aims to streamline operations, but we need to ensure it effectively reduces costs and improves performance. The Postal Service has significant unfunded mandates and obligations that impact finances. We need to explore legislative changes to help the Postal Service break even. Additionally, the Office of Inspector General is researching costly obligations, including retirement funds, and will provide insights on potential solutions. It's crucial to address postal rates and staffing to enhance efficiency moving forward.

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The Committee on Oversight and Accountability hearing begins with an acknowledgment of Inspector General Tammy Hull. It has been over three years since Postmaster General DeJoy introduced the Delivering America plan and two and a half years since the Postal Service Reform Act was enacted. Despite challenges, including significant financial losses and past criticisms of the Postal Service's management, DeJoy has made efforts to modernize operations. However, ongoing issues such as delayed mail delivery and high personnel costs remain concerning. The committee emphasizes the need for efficiency and transparency, particularly regarding election mail, while urging DeJoy to provide answers and assurance for future improvements at the Postal Service. The session concludes with a call for bipartisan cooperation to address these challenges.

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To understand Elon Musk's actions with the federal government, look at his Twitter takeover. He implemented cost-cutting measures: mass layoffs, reduced real estate, and employee buyouts—similar to a recent federal government email. This mirrors his "zero-based budgeting" approach. While Twitter's revenue decreased after these changes (partially due to an advertising boycott), its profitability increased significantly. Adjusted EBITDA rose from $682 million to $1.25 billion, even with reduced revenue. This demonstrates that eliminating unnecessary spending can increase profitability, leading to taxpayer savings and reduced government debt. Ignoring the negative narrative, Musk's methods could benefit the federal government, resulting in lower taxes and improved services for the American people.

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Since 2012, the government has wasted nearly $3 trillion in taxpayer money. Last year alone, improper payments totaled $247 billion. This includes payments to deceased individuals; over $530 million in pension payments went to dead people. Medicare improperly paid out $47 billion, and Medicaid, $81 billion. Fraudulent payments under the Biden administration reached $764 billion in just three years. These improper payments add up to $2.8 trillion – enough to cover five years of US foreign aid. This amounts to $850 per person in the country.

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Ten senators announced a bipartisan agreement on a $65 billion broadband initiative aimed at providing high-speed internet across America. Three years later, no projects are underway due to government inefficiencies and a focus on hiring based on diversity rather than capability. Private companies could implement broadband solutions, like Starlink, quickly, but the administration has avoided using them, citing monopoly concerns. Government failures extend beyond broadband, with significant losses in various initiatives, including high-speed rail and semiconductor manufacturing. Despite billions spent, most chips are still produced overseas. The inefficiency of government spending leads to costly outcomes, and both parties share responsibility for these failures. The solution lies in reducing government intervention and allowing the free market to operate effectively.

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The speakers discuss the government's outdated paper-based retirement process, which involves storing physical files in a mine. One speaker recounts visiting the mine filled with filing cabinets from the 1960s, emphasizing its security and climate control, but questioning the continued use of paper in 2025. The process requires compiling retirement papers by hand, moving them on carts, and can take over six months, with calculations also done manually. They are implementing a new online retirement process, with 25 retirees currently using it. They mention cases of single retirees having entire pallets or shopping carts of documents. They want to free up the thousands of people who are carrying paper into a mine. They compare the government's technology to the "Flintstones" era. The conversation shifts to the postal service, which is legally required to have a balanced budget but has been losing money since 2007 due to additional regulations. The postal service lost $9.5 billion last year. They believe they can modernize it and help them become profitable.

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Twitter, at least, was breaking even and passing audits. The federal government, however, loses $2 trillion a year and fails its audits. For example, Senator Collins mentioned giving the Navy $12 billion for submarines, but they got no extra submarines, and the Navy couldn't account for the money. It's like, only the federal government could get away with this level of waste because they've been doing it for so long and have become accustomed to it. As Milton Friedman said, money is most poorly spent when you're spending someone else's money on people you don't know, which is exactly what the federal government does.

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The Federal Reserve's actions are worrisome. They've lost trillions by borrowing money at high rates (5.4% from banks, 5.3% from funds like Fidelity and Vanguard) to buy government bonds. This artificially inflates the government's perceived financial health, encouraging excessive borrowing when rates were low. This process diverts capital from the private sector, hindering business growth and job creation. Instead of the Fed holding massive balances, that money should be used by businesses for expansion and innovation. The Fed's actions are mirrored by other major central banks globally, exacerbating the problem. It's not money printing; it's expensive borrowing that harms the economy. Freeing up these funds would allow banks to lend to small businesses and stimulate economic growth.

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The post office operates differently from other government sectors, functioning like a private business. Despite a significant decline in first-class mail volume, employment has not decreased; in fact, there are 20,000 fewer employees than before. The focus has been on reducing costs, yet the number of government employees has increased, leading to higher labor costs, which account for 80% of expenses. Efforts to reform have not effectively addressed these costs, and the debt has risen significantly. While some cost savings have been achieved, the overall financial situation remains dire, highlighting the challenges of operating within government constraints. The need for a more efficient approach is evident, as the current model is not sustainable.

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You keep asking about the post office's business model, but I didn't create the laws governing it; I'm just trying to fix the issues I inherited. You're exaggerating the hiring increases. No one in the private sector would advise increasing employee numbers with a declining business. Instead, we insourced 190,000 jobs by hiring contractors at lower wages and benefits, which is inexplicable. The reform of shifting costs isn't real reform; it's just moving debt to another account within the government. The main goal was to escape healthcare and pension costs. But government employees have dramatically higher healthcare and pension costs compared to contractors. By hiring more government employees instead of contractors, we're compounding the problem we were trying to solve three years ago.

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We're exploring ways to improve the Postal Service, which has been losing significant amounts of money. One idea involves a merger, possibly with the Commerce Department, to enhance its efficiency. While it would remain the Postal Service, the aim is to make it function much better than it has in the past. Alternatively, we might leverage talented individuals from other departments to help reduce the financial losses. The goal is to find a solution that preserves the Postal Service's core functions while significantly improving its financial performance, whether through a merger or by utilizing existing expertise.

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The federal government isn't a company to dismantle like on Shark Tank; it must be run constitutionally, and the current administration is restoring services and jobs that have been disrupted. The government is fat and hasn't been scrutinized for a century. Finally, someone is willing to address the waste. However, cuts aren't deep enough. In private equity, when fixing a bankrupt company, you must cut severely and quickly, even 20% more than initially planned, then rehire to minimize trauma. There's so much waste in the federal government that needs addressing. You can't be surgically precise when auditing the government. You have to cut more because you don't know where all the waste is. We've never audited the government before.

My First Million

What’s truly going on inside DOGE?

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The discussion centers around Iron Mountain, a company that stores vast amounts of paperwork, including government files, in a limestone mine. The hosts highlight that Iron Mountain is valued at over $30 billion, surpassing companies like Snapchat and Twitter. They recount a story about its origins, starting with a mushroom farmer who transformed his cave into a secure storage facility for documents in the 1950s. The company now manages around 80 million square feet of storage, housing everything from legal documents to priceless art. Elon Musk's recent comments about the federal retirement process reveal that the government relies on Iron Mountain for storing retirement paperwork, which is still largely manual. The inefficiencies in this system lead to delays in processing retirements, taking up to 90 days. Despite attempts to digitize the process since the 1980s, these efforts have repeatedly failed due to bureaucracy and the nature of the workforce. The conversation also touches on current events involving Elon Musk, including his interactions with Donald Trump and his interest in acquiring OpenAI. Musk's approach to business and layoffs is critiqued for lacking empathy, especially as it affects real people's lives. The hosts express fascination with Musk's energy and the chaotic nature of his ventures, while also discussing the broader implications of government spending and the challenges of balancing efficiency with compassion in the workplace. The episode concludes with a light-hearted proposal for field trips to observe various companies and industries firsthand.