Kevin O’Leary
‘Shark Tank’ star and famed investor Kevin O’Leary
John Roberts: Here’s a breakdown of federal spending, just so that folks at home know where their tax dollars are going. Health care, 25%, Social Security, 20-25%, defense, 13-15%, safety net programs, 10%, interest on the national debt, 8-10%.
The way it breaks down is, 61% of spending is mandatory, 13% is on debt service, 26% is discretionary, which really will be the target of DOGE. That is a small piece of the pie to try to wring $2 trillion out of Kevin.
Kevin O’Leary: I don’t know I think health care could be another place of savings. We haven’t really used any technology there yet. We haven’t really digitized medical records. We really haven’t brought a mandate of AI into that. I think we could save a lot of money. The US has one of the worst IRR returns on health care spending when you can compare it to some of the European countries like Switzerland, or England, or France, they do a much better job, but they share the records on a much more ubiquitous basis that we do. We’re always concerned about privacy, but I think we could fix that too. But I like looking at everything.
I…
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