Treasury Secretary says federal job cuts necessary because the US government was crowding out the private market.

The New Republic – Malcolm Ferguson/ April 7, 2025 Treasury Secretary Says Fired Federal Workers Can Work in the Factory Scott Bessent has an unbelievable career pivot in mind for all the federal employees the Trump administration has fired “And we’re going to relever the private sector. So the private sector, in essence, has been in recession during the Biden years. And this is an opportunity to right-size the federal government and unleash the private sector again, because it’s been hemmed down by excessive regulation, and it’s been crowded out by the government.” — Scott Bessent (emphasis added)

China is trying to recruit current and former feds, intelligence document warns The notice is one of the first public acknowledgements from the U.S. intelligence community showing how adversaries are leveraging DOGE-led layoffs to target the government. April 9, 2025 11:12 AM ET By David DiMolfetta, Cybersecurity Reporter, Nextgov/FCW China and other groups are “targeting current and former U.S. government (USG) employees for recruitment by posing as consulting firms, corporate headhunters, think tanks, and other entities on social and professional networking sites,” said the document, which also contains seals from the Justice Department and the Defense Counterintelligence and Security Agency. (emphasis added)