Elon Musk, Backed by Trump, Proposes $2 Trillion Budget Cut and Department of Government Efficiency

Nov 3, 2024, 01:47 PM

Elon Musk has proposed a plan to reduce the U.S. federal budget by $2 trillion annually, suggesting the establishment of a Department of Government Efficiency. Musk expressed his willingness to lead this effort without compensation or official title, stating, 'I want no pay, no awards, no recognition or fancy title. I just want America to reach greater heights.' Former President Donald Trump has been promoting Musk's proposal on the campaign trail. Musk emphasized the importance of transparency in government operations, proposing that all activities be livestreamed and that government data be made publicly available by default to eliminate the need for Freedom of Information Act requests. He asserted, 'Your tax money is being wasted and the Department of Government Efficiency is going to fix that.' Musk's proposal has been met with skepticism, with critics questioning the feasibility of cutting such a significant portion—approximately one-third—of the annual federal budget.