Elon Musk’s new Department of Government Effectiveness (D.O.G.E.) aims to cut $2 trillion in federal spending, which could destabilize the U.S. economy. Critics warn that aggressive layoffs and agency eliminations could lead to a government shutdown reminiscent of the costly $11 billion shutdown of 2018-2019. Moreover, given that 75% of the federal budget is mandatory spending, achieving such cuts is considered unrealistic, potentially worsening the national debt and causing economic turmoil. Musk’s influence is already causing market anxiety, as investors fear a “deflationary shock” and a decline in consumer spending. $BTC
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