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"Musk's 'DOGE Efficiency Committee' Could Lead to the Biggest Layoffs in the U.S. Government? Support Abolishing the Fed?
Before winning the U.S. election, Trump said that after his victory, he would invite Tesla founder Elon Musk to lead the government efficiency committee to help it improve government efficiency and cut spending. Now that Trump has won, what kind of actions might Musk take in the future when he takes office? (Summary: Trump wants Musk to build a "DOGE Government Efficiency Committee", can it really change the inefficient operation of the US government and save money? (Background supplement: Musk sends DOGE meme DOGE jumps, helps Trump build momentum and shouts: cut at least $2 trillion in the federal budget) Before finally winning the US election, Trump announced in a speech at the New York Economic Club in September this year that if elected, he would form a government efficiency committee and would invite Tesla founder Musk to lead: According to Musk's advice, he gave me full support... I will establish a Government Efficiency Committee to conduct a comprehensive financial and performance audit of the entire federal government and make recommendations for sweeping reforms. As a top priority, the Commission will develop an action plan to completely eliminate fraud and improper payments within six months, which will save trillions of dollars. In this regard, as one of the heroes behind Trump's victory, Musk also responded positively that he is willing to work for the Department of Government Efficiency (D.O.G.E.), and does not need compensation, titles, and recognition. What action will Musk take? At present, with Trump's victory, more and more people have begun to speculate about what specific measures will be taken after Musk takes office to lead the efficiency committee? Although Musk has already promised to help the Trump administration streamline at least $2 trillion (nearly a third of the U.S. government's spending in 2024), he himself has not yet specified this, so Musk's entrepreneurial history may give a glimpse or two. Specifically, Musk's actions and propositions when leading the company include: After spending $44 billion on the sky-high acquisition social platform Twitter in 2022, Musk immediately carried out large-scale layoffs; In public remarks, Musk has said that layoffs can push the company forward, and he believes that one of the reasons for low work efficiency is that someone is dragging its feet; During the leadership of Tesla, Musk had planned to significantly reduce physical stores, although this plan was eventually canceled due to landlord pressure, but it shows Musk's resolute attitude towards cost control; Musk attaches great importance to corporate reform, he once saw bankruptcy as a powerful driving force for reform, and stressed that the consequences of not reforming would be unimaginable. In summary, it can be seen that Musk emphasizes cost control and reduction of employment scale when managing enterprises, and has a resolute attitude towards corporate innovation. Therefore, many people currently believe that in order to reduce government spending by $2 trillion, after Musk takes office to lead the efficiency committee, the most likely thing is to continue his usual radical measures and carry out drastic layoffs against the US government. Musk hinted at support for the abolition of the US Federal Reserve In addition, in response to the US Federal Reserve (Fed) Chairman Powell's previous statement that he would not agree with even if Trump asked him to resign, US Senator Mike Lee recently tweeted that the United States should directly abolish the Fed: The executive branch should be led by the president, and the Constitution is designed like this. The Fed is one of many examples of the United States deviating from the Constitution in this regard, which is another reason why we should abolish the Federal Reserve. In this regard, Musk retweeted Mike Lee's view, with the text "100", which greatly implied that he 100% agreed with Trump's abolition of the Fed after taking office. — Elon Musk (@elonmusk) November 8, 2024 Related Articles Musk ALL IN Trump, what is the "US election" business behind it? Mad! Musk announced that he would draw 1 million magnesium a day from American voters and send Sichuan noodle welfare until election day DOGE welcomes new value: political flow and Musk's "Department of Government Efficiency" (D.O.G.E) "DOGE Efficiency Committee" may cause the largest wave of layoffs in the US government? Support for repealing the Fed? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".