With DOGE taking control of Treasury payments, is anyone else worried about treasury bonds?
I read that David Lebryk, a nonpartisan civil servant who oversaw treasury payments, was placed on administrative leave and ultimately resigned after he refused to grant DOGE access to treasury systems. Now that he's gone, these partisan Trump loyalists have taken over.
The optimistic view is that Musk just wants to audit what the govt is spending on various projects and departments. The pessimistic view is that he's someone with no respect for laws and contracts, and has a history of withholding payment he contractually owes to people and businesses.
As someone with a lot of money in treasuries, I'm feeling somewhat uneasy about the proximity of chaos to such an important department. Anyone else?