Larry Summers says DOGE is going to end in a 'disastrous failure'

Larry Summers says DOGE is going to end in a 'disastrous failure'

Former Treasury Secretary Larry Summers has been critical of the Trump administration's aggressive tactics for government reform.NICHOLAS KAMM/AFP via Getty ImagesLarry Summers said on the All-In Podcast that DOGE is wreaking havoc on US institutions.He pointed to the administration's targeting of the Internal Revenue System.The former treasury secretary said the outcome could put the US into further debt.Former Treasury Secretary Larry Summers …

While levying his highest tariffs on China, President Donald Trump said China made $1 trillion off U.S. trade in 2024. That’s False. The U.S. trade deficit with China for goods was $295 billion.

Donald Trump said the U.S. trade deficit with China is $1 trillion. It's much smaller by any measure. In 2024, the U.S. trade deficit for goods with China was $293 billion.

All-In Podcast: The Great Tariff Debate - Larry Summers

The post All-In Podcast: The Great Tariff Debate appeared first on Larry Summers.

Recommended Watch: The Great Tariff Debate with David Sacks, Larry Summers, and ...

(0:00) Bestie intros! (0:58) Reacting to Trump targeting China and postponing all other reciprocal tariffs (21:21) Measures for success of tariffs, debating the impact of letting China into the WTO (46:14) Is the US being exploited on trade? Was free trade a mistake? (1:02:01) Recession chances, How the Trump administration gathers information (1:19:39) Future of the Democratic Party, Abundance agenda, DOGE (1:51:00) The Besties recap the debate…

Several reports show that consumers were the main victims of price increases