👊 Trump and Vance Oppose the Temporary Funding Bill, Musk Leads DOGE Plan to Reduce Government Spending
U.S. President-elect Trump and Vice President-elect Vance today issued a joint statement on social media X, strongly opposing the temporary funding bill proposed by the House of Representatives, which aims to prevent a partial government shutdown. They described the Republicans' failure to stop the nation from reaching its debt ceiling in 2025 as "foolish and incompetent," emphasizing that this mistake urgently needs correction.
They believe that raising the debt ceiling is not an ideal move, but they prefer to address this issue during Biden's term. The statement questions if the Democrats are currently unwilling to cooperate on the debt ceiling issue, then the likelihood of cooperation during their governance in June is also questionable. Therefore, they argue that this debate should start now and demand Congress pass a streamlined spending bill to limit the power of Senate Majority Leader Schumer and the Democrats.
Meanwhile, Elon Musk's "Department of Government Efficiency" (DOGE) is actively recruiting a team aimed at reducing the size and spending of the U.S. federal government. This plan has also received support from Trump and vice presidential candidate Ramaswamy, and it is planned to operate through SpaceX's office in Washington.
Although DOGE has not yet become a formally approved government agency by Congress, it may register in the future as a 501(c)(3) organization or become a federal advisory committee through Trump's executive order. Currently, the team has hired about 10 people, including talents from technology fields like artificial intelligence.
The DOGE plan aims to cut the federal budget by up to $2 trillion, potentially involving deep cuts to popular programs like Social Security and Medicare. The Republicans plan to establish a "Government Efficiency Delivery Subcommittee" in collaboration with DOGE.
Musk, an important supporter of Trump's campaign, has donated over $238 million, and the establishment of DOGE is seen as a significant step for Musk in collaborating with conservatives, emphasizing the reduction of wasteful spending and seeking to streamline government operations.
💬 What are your thoughts on Trump and Vance's opposition to the temporary funding bill and the goals of the DOGE plan? What profound impacts could this have on the U.S. economy, society, stock market, and cryptocurrency market?
#特朗普万斯 #拨款法案 #美国债务危机 #政府效率部