moby
Joined 11 years ago
Joined 11 years ago
As someone whose organization has benefitted from USAID grant funding, I should make it explicit that not everything is as you see or hear through Elon's Twitter feed.
It is deeply unwise to eliminate an organization entirely without exploring its net effects.
What I'm hearing from my friends - many of whom have helped build and scale some of the most successful tech companies on the planet - is that no engineer is an exceptional one without a modicum of ethics and wisdom.
These seem to be in short supply at DOGE.
- the Social Security Administration, in the first MONTH of 2025, has outlaid $395 billion of spending. - the Department of Defense, in the first MONTH of 2025, has outlaid $250 billion of spending. - USAID's annual budget is $38 billion annually, so we could realistically estimate that, if they've outlaid $3 billion this year thus far, they've spent 0.4% of what those other two departments have.
Let's call this like it is: USAID is a bogeyman to Trump and Musk and is a threat to the administration's efforts toward becoming a "hard power" country. If they really cared about spending, they would have gone elsewhere first.
Source: https://fiscaldata.treasury.gov/americas-finance-guide/feder...
It's because of profit. Amazon opposing the per-employee tax that would provide critical city services should help explain exactly where their priorities lie.
Sure it can. Uber and Twilio are generally considered, far and away, as market leaders in their respective spaces; Uber is massively unprofitable and Twilio was operating at a loss at the time of its IPO.
Market leadership is a function of production and capacity, not profitability.