Investor's Edge with Gary Kaltbaum - GaryK's DOGE Moment_02.19.2025

Episode Date: February 19, 2025

https://garykaltbaum.com/

The Doge moment. It's time. And we do this because we don't believe Doge was created because of Elon Musk and Donald Trump. It was created because of the last 25 years of no accountability and just serious corruption. To where we're with 37 trillion of debt and $2 trillion deficits plus. And we're kind of running rate this year of $3 trillion. And of course, the media is bringing people on to complain about somebody trying to do something about it instead of praising the people that are doing something about it.

So here's the latest we're finding out. I'm not going to give out the ages because I think it's going to be a moving target. But have you read about the Social Security? Have you read about how many people are still on the roles of Social Security and at what ages and the ones that are dead? Now, there's talk, well, they're not getting any Social Security, but if you're on the Social Security roles, there's other things you potentially get. This is your government run amok. Go read up. There was one person on the roles that would be 360 years old, I believe.

I digress. let us not forget, as I have stated to you, it should be tough to get government money. You should be vetted. You should have to fill out applications. You should have to do interviews. And what we have found out, it was just a free-for-all. And we're going to find out it's friends and relatives and donors and politicians getting all this money. If they really did a deep dive and accounted for this money,

God only knows, my goodness gracious, the things that we have said to you, the list we have given you. If it wasn't so sad and be laughable, like the Social Security Administration audit, $71.8 billion in improper payments they have found. Only $71.8 billion. You want me to repeat that? $71.8 billion. How about this one? Doge finds nearly $40 billion of spending on government-issued credit cards.

Now, I believe government people should have credit cards. 40 billion. 40 billion. 40 billion. 40 billion. They just continue to show they don't give a crap about us. nothing's ever accounted for and I gather a lot of people

are scared out of their wits the Department of Education is granted more than 200 million to comprehensive centers what the heck is that oh and then you read the fine print one-sided ideologies I gather you know what cited

ideologies just 200 million remember what we've told you they've turned 10 billion into a footnote, into a footnote. By the way, total of 4.6 million government credit cards. 4.6 million government credit cards. We'll keep listing all this as it comes out, but the game is up and the louder the people are opposing it, the more I have to question whether they were a part of it.

Simple as that. We cannot continue this trajectory. I am so happy to see what they're doing. I will call them out if they do stupid. But as of right now, I love what I am seeing. That is your Doge Minute or the Doge Minute, the Doge Moment, will have a lot more on a daily basis because, oh, it's going to come out.