Washington, DC – President-elect Donald Trump has announced plans to establish a new Department of Government Efficiency (DOGE) with Elon Musk and Vivek Ramaswamy at the helm. This initiative aims to streamline government operations, cut spending, and address the nation’s budget deficit.
During a speech on the House Floor, Congressman Tom McClintock, a Republican representing California’s Mother Lode region, shared his perspective on the matter. His advice to Musk and Ramaswamy was straightforward: “Just say no to subsidies.”
McClintock criticized the widespread use of subsidies across numerous sectors, including insurance, electric vehicles, mass transit, agriculture (such as sugar and milk), solar energy, airline travel, housing, education, healthcare, film production, and energy. He stated, “It’s difficult to find an area of the economy that hasn’t been distorted by subsidies.”
Highlighting insurance as an example, McClintock explained, “Insurance reflects the market’s valuation of risk. High premiums for homes in flood zones, for instance, are a natural warning against risky decisions. Subsidizing insurance rates encourages risk-taking that market forces would otherwise discourage.”
He argued that subsidies drive up prices, triggering a cycle of increasing dependency on government support. Instead, McClintock advocated for allowing the capitalist system to set prices without interference, emphasizing the inefficiencies and distortions caused by government intervention.