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Trump Taps Musk, Ramaswamy to Head Department of Government Efficiency

The Owner Press by The Owner Press
November 24, 2024
in Business News
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U.S. President-elect Donald Trump has spent the week since his election victory filling out his cupboard and key coverage personnel, with a couple of shocking names up to now. One explicit announcement on Tuesday, nevertheless, was much less shocking.

“I’m happy to announce that the Nice Elon Musk, working along side American Patriot Vivek Ramaswamy, will lead the Division of Authorities Effectivity (“DOGE”),” Trump wrote in a press release shared on his social media platforms. DOGE—a thinly veiled reference to one among Musk’s favourite meme cryptocurrencies—has been shaped to slash authorities spending and drastically scale back federal budgets.

U.S. President-elect Donald Trump has spent the week since his election victory filling out his cupboard and key coverage personnel, with a couple of shocking names up to now. One explicit announcement on Tuesday, nevertheless, was much less shocking.

“I’m happy to announce that the Nice Elon Musk, working along side American Patriot Vivek Ramaswamy, will lead the Division of Authorities Effectivity (“DOGE”),” Trump wrote in a press release shared on his social media platforms. DOGE—a thinly veiled reference to one among Musk’s favourite meme cryptocurrencies—has been shaped to slash authorities spending and drastically scale back federal budgets.

“To drive this type of drastic change, the Division of Authorities Effectivity will present recommendation and steering from outdoors of Authorities, and can accomplice with the White Home and Workplace of Administration & Finances to drive massive scale structural reform,” Trump added. 

Musk, the world’s richest man, had floated the idea of making such a division as early as September, and he repeatedly mentioned it whereas supporting Trump on the marketing campaign path. At a preelection rally in New York Metropolis final month, Musk stated that he would lower as a lot as $2 trillion from the federal finances. (The U.S. authorities spent $6.75 trillion in fiscal yr 2024.)

There’s little readability on how Musk may accomplish that with out chopping key authorities expenditures resembling social safety and protection spending, and he appeared to acknowledge that the technique may trigger extreme short-term financial upheaval.

A significant union that represents greater than 800,000 federal employees sounded the alarm in a statement on Tuesday, warning that the proposed stage of cuts would hurt U.S. taxpayers.

“Hundreds of thousands of Individuals ought to brace for large cuts to advantages and companies they depend on for his or her survival beneath plans to focus on authorities spending and operations,” stated Everett Kelley, the president of the American Federation of Authorities Workers.

“Finances cuts of this magnitude, coupled with the large tax reductions Trump has stated he’ll implement, will have an effect on very important applications that tens of tens of millions of Individuals at present depend on for his or her monetary safety and their well being and security,” Kelley added. “This consists of Social Safety, Medicare and Medicaid, meals help for low-income households, veterans’ advantages and well being care, and a lot extra.”

On Tuesday, following Trump’s announcement, Musk wrote on X (the social media platform that he additionally owns) that DOGE choices will probably be “posted on-line for optimum transparency.” He additionally solicited public suggestions on what to chop and stated the division can have a “leaderboard for many insanely dumb spending of your tax {dollars}.” 

Efforts to chop U.S. authorities spending will not be new, with similar initiatives having taken place beneath former Presidents Ronald Reagan and Invoice Clinton. There additionally already exists a complete authorities company, known as the Government Accountability Office, that “examines how taxpayer {dollars} are spent and supplies Congress and federal businesses with goal, non-partisan, fact-based info to assist the federal government get monetary savings and work extra effectively.” It has existed for greater than 100 years.

“GAO has cooperated and shared info previously when presidential or congressional commissions have been established to handle the federal authorities’s applications and operations, in addition to fiscal and different challenges,” stated Gene L. Dodaro, the U.S. comptroller basic and head of the GAO, in a statement to NBC Information on Tuesday. “We are going to take that very same strategy with any new commissions shaped and stand by prepared to help the brand new Congress and the Govt department.”

Ramaswamy, who will co-chair DOGE with Musk and briefly ran against Trump earlier than suspending his marketing campaign earlier this yr, appeared to acknowledge this in a post on X. “Politicians have talked for a very long time about chopping the scale of presidency. However once they get inside, they go native,” he wrote. “If we’re ever going to crush the paperwork, it’s going to occur from the surface.” 

Ramaswamy additionally hit again towards Democratic Massachusetts Sen. Elizabeth Warren when she pointed out the irony of getting two individuals run a division targeted on effectivity, saying: “The stuffed fits do not know what’s coming.”

This put up is a part of FP’s ongoing protection of the Trump transition. Observe alongside here.



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