Elon Musk and Vivek Ramaswamy Propose $500 Billion Cut in Federal Spending
Tuesday, 26 November 2024, 15:45
Elon Musk and Vivek Ramaswamy's Ambitious Plan
Billionaires Elon Musk and Vivek Ramaswamy have unveiled a strategy to cut $500 billion from annual federal spending through their initiative, the Department of Government Efficiency (DOGE). In a revealing opinion piece published in the Wall Street Journal, they outline their authority and approach.
The Proposed Spending Cuts
- The aim to pare federal spending by $500 billion annually.
- They assert President-elect Donald Trump has the power to execute their plans.
- They address the scope of DOGE and its non-conventional structure.
As discussions unfold, many are questioning how this will practically work within the constraints of federal authority, traditionally held by Congress.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.