O'Leary Ventures Chairman Kevin O'Leary on Tuesday fired down concerns about the Ministry of Government Efficiency (DOGE) and the newly formed agency needs to cut spending more quickly for optimal success He insisted.
“The problem is, I think they haven't banged hard enough. If you get a bankrupt company and get in there, there's this concept in private equity. Cut 20% more than the first read, Find it like that pool. The organization Mercury is tied back together,” O'Leary appeared in “CNN Newsnight and Abby Phillip.”
“When there is fat and waste, I always cut deeper and more intensely,” he continued.
Social Security Director Stops After Clash with Doge over Data: Report
Kevin O'Leary is a frequent panel guest on CNN. (CNN/Screenshot)
The prolific investor described the agency as “big fat chickens” dripping with “fat barbecues,” saying he doesn't think the waste is being removed quickly enough.
“They haven't cut enough. They keep slashing. They keep hacking while they have a 24-month mission before the mid-term. Cut, cut, cut, cut, cut, cut. Everyone is happy about it. It should be,” O'Leary said.
When CNN anchor Sarah Sidner asked if even those with nuclear codes should do their best as part of their cost-cutting efforts, O'Leary said he was doing what he was doing or He said anyone who can't show how they're adding value should put it in a chopping block.
Elon Musk is leading Doge to actively reduce government waste in federal spending under President Donald Trump.
Elon Musk says millions of people in the Social Security database are between 100 and 159 years old
The Government's Department of Efficiency (DOGE) recently discovered a code that previously linked US Treasury payments to unwanted budget items, leaving them blank with nearly $4.7 trillion in payments. (Musk: Reuters/Money: istock/Trump: Getty)
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The department was created by an executive order and is a temporary organization within the White House that will last 18 months of its mission.
The group has faced criticism of access to federal systems, including the Treasury payment system, which has led to cancel federal contracts and cutting across various agencies.
The attorney general of 14 states is suing Doge to block access to federal data, claiming Musk and the Trump administration are engaged in an outline of illegal administration.
The newly formed cost-cutting agency won the victory Friday when a federal judge in Washington rejected a request to temporarily block access to sensitive data from the Department of Labor, Health and Human Services and the Consumer Financial Protection Agency .
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Greg Wehner of Fox News contributed to this report.
