Back to episode — Episode 2605 CWSA 09/22/24
Context —
rial Revolution didn't take much time but it was this rare time when we became industrialized so you could imagine the GDP would be zooming during something like that. You could imagine the GDP would be unusually zooming during a internet dot-com takeoff and you could imagine that the age of robots and nuclear power and AI would be one of those periods. So we might be into a 10-year period where a…
← Previous segment →your billions I get my billions I get reelected you get reelected because it's good for our states and we'll just push that can down the road and that's what happens. So our budgeting process is not even a budgeting process.
So it's like how did you repair your broken engine on your car? I took up knitting. Wait what? I took up knitting. That doesn't even seem like you're in the right domain. I mean that is knitting fix your car engine? Well I'm knitting really hard. Not really an answer. How hard you knit is not related because you can't really fix a car engine. Yes but I've got lots of people knitting. Again that's not really the right tool or even the right conversation to cutting the debt. So that's sort of where we're at. We're in this absurdity where the government pretends they have something to do with the budget but they don't. They're just not even doing the job even in the most basic way you would describe somebody doing their job they're not doing anything like that. There's nothing even remotely like your government managing the budget. Nothing nothing in that domain. It's like they're knitting instead of changing the engine in your car. They're not even in the same game.
What could fix that? Well back in the 90s when debt was huge corporations had a similar problem. So the corporate budgets were just growing and growing and they weren't sure that they were doing the right things that they should be doing. They were just spending more money and so they came up with this idea came from one book in particular to do something they called re-engineering. So they would for the first time instead of just giving 10% more to the thing they were already doing they would say do we even need to do that? Maybe we should just do everything differently and then we don't even need this system at all. So that would be called re-engineering where you look at it from the ground as if you'd never looked at it before. You go to first principles and you say all right what do we need to do what would it take to do it and does that have anything to do with what we're paying for now and if they don't you stop paying for that stuff and you re-engineer it and then you save money and you're more efficient.
Now also around that time the Clinton Administration was in office and do you remember what portfolio Al Gore got as the vice president because they sold him as sort of more of an active partner than just being a boring vice president and sure enough Al Gore reinvented government. Well that's the name for it. And what he focused on was using the internet and newer tech to do things that we used to do in inefficient bad ways. So basically putting a lot of the government online so you don't need people and people can get their service faster. And so Gore, have I ever told this story? So I don't know if I ever told you this story but maybe this is the first time you've heard it. So this
Context —
the 90s Dilbert was big. I was giving a speech in Washington DC just a Dilbert speech for money and some of the administration found out that I was in town the Clinton administration and I got invited into the White House to just kind of look around and meet some of the staff of Al Gore's staff his speech writing staff and I guess Al Gore found out I was in the building so somebody said hey that D…
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