Loading...
Market
What will be the main method used by DOGE to achieve budget cuts by end of 2025?
2
Donald Trump•Elon Musk•Vivek Ramaswamy•Department of Government Efficiency•DOGE•Planned Parenthood•Americans•Musk•Ramaswamy•Wall Street Journal•Aaron Bean•Maria Salazar•DOGE Caucus
Resolution / Starting Odds
Rescinding regulations • 25%
Reducing administrative overhead • 25%
Mass headcount reductions • 25%
Relocating government offices • 25%
Analysis of DOGE's budgetary actions and official statements
Story
Musk and Ramaswamy to Lead DOGE, Plan $2 Trillion Cuts and End Remote Work for Federal Employees
Nov 21, 2024, 02:30 AM
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE), aiming to cut $500 billion annually from federal spending. They plan to reduce the federal budget by up to $2 trillion without new laws by July 4, 2026. Their strategies include rescinding regulations, reducing administrative overhead, mass headcount reductions, and enforcing a strict return-to-office policy for federal employees, potentially leading to voluntary resignations. They also propose relocating government offices out of Washington D.C. and cutting funding to organizations like Planned Parenthood. Additionally, DOGE may develop a mobile app to simplify tax filing for Americans. Musk and Ramaswamy have detailed their plans in a Wall Street Journal op-ed, signaling an aggressive approach to restructuring the federal workforce and reducing government waste. Lawmakers like Rep. Aaron Bean and Rep. Maria Salazar have expressed support by forming the DOGE Caucus to back these efforts.
View original story
Similar markets
Reduction in workforce • 25%
Program eliminations • 25%
Contractor reductions • 25%
Other • 25%
Government-funded media • 25%
International aid projects • 25%
Environmental regulations • 25%
Other • 25%
Federal grants to universities • 25%
Federal telework policies • 25%
AmeriCorps and similar programs • 25%
Other government departments • 25%
Less than $10 billion • 25%
$10 billion to $50 billion • 25%
$50 billion to $100 billion • 25%
More than $100 billion • 25%
Agency Elimination • 25%
Staff Reductions • 25%
Budget Reallocation • 25%
Other • 25%
Social Security • 25%
Medicare • 25%
Defense Spending • 25%
Other • 25%
Education • 25%
Financial Regulation • 25%
Defense • 25%
Healthcare • 25%
Less than $500 billion • 25%
$500 billion to $1 trillion • 25%
$1 trillion to $2 trillion • 25%
More than $2 trillion • 25%
Reduction in workforce • 25%
Elimination of programs • 25%
Streamlining processes • 25%
Other • 25%
Less than $100 billion • 25%
$100 billion to $250 billion • 25%
$250 billion to $500 billion • 25%
More than $500 billion • 25%
Reducing government workforce • 25%
Cutting departmental budgets • 25%
Increasing taxes • 25%
Other • 25%