Official federal budget reports and announcements

Elon Musk and Vivek Ramaswamy to Lead New Department Aiming to Cut $2 Trillion from Federal Budget, Address $36 Trillion Debt

Nov 18, 2024, 03:16 PM

President-elect Trump has appointed Elon Musk and Vivek Ramaswamy to lead the newly established Department of Government Efficiency (DOGE). Their primary mission is to cut $2 trillion from the federal budget, a task that involves addressing significant mandatory spending areas such as Social Security and Medicare. The federal government’s current budget stands at $6.8 trillion, and the country is $36 trillion in debt. Musk and Ramaswamy are seeking volunteers to join DOGE, aiming to expose and eliminate government waste and graft. The initiative has faced criticism from some Democrats, who question the feasibility and impact of such drastic cuts. However, supporters argue that bold solutions are necessary to tackle the nation's fiscal challenges. Musk acknowledged that such draconian cuts would “necessarily involve some temporary hardship.” The Pentagon has failed its seventh audit in a row, highlighting the need for accountability among Big Bureaucrats.