The federal government has a 'terrible waste' problem, and while waste elimination is possible, it comes with substantial second-order consequences that may harm vulnerable populations (food programs, school lunch programs, etc.), making complex policy changes difficult in 100 days.
causalpending
Speaker
Ray DalioEvidence Quote
“there's terrible waste in the government... so many of the actions that are taken now have these second order consequences... how do you deal with such a complex mess... in the first 100 days [13:37]”
Source
Ray Dalio and Salesforce’s Benioff on AI, trade wars and new world order— CNBC International LiveCreated: 8/11/2026, 5:33:25 AM
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