News Today: Elon Musk discussed the potential of reducing federal spending by $2 trillion through a new initiative called the "Department of Government Efficiency" (DOGE), during a live interview on his social platform X with political strategist Mark Penn. Musk, optimistic about achieving this goal, suggested that even a more conservative estimate would lead to $1 trillion in savings. He highlighted the benefits of reducing the budget deficit, which could align economic growth with the money supply and potentially prevent inflation. Despite facing skepticism, Musk, who has consistently advocated for significant federal spending cuts, described the government as rife with inefficiencies and a "target-rich environment" for cost-cutting. The DOGE initiative, announced by then-President-elect Trump and co-led by Musk and Vivek Ramaswamy, aims to cut wasteful spending, eliminate excessive regulations, and restructure federal agencies. Should Biden be impeached? Reply and Let Us Know |
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