On November 23, local time, the 'Department of Government Efficiency' proposed by the elected President Trump wrote on social media platform X, 'In the fiscal year 2023, U.S. government spending was $6.16 trillion, while revenue was only $4.47 trillion. The last budget surplus was in 2001. This trend must be reversed, and we must balance the budget.' Subsequently, Musk, the leader of the department announced by Trump, retweeted and commented, 'The U.S. is currently racing towards bankruptcy at an astonishing speed.'
Image source: Social media screenshot. In fact, the U.S. federal budget deficit has been continuously increasing. In October 2024, the U.S. Treasury Department announced the budget deficit situation for the fiscal year 2024 (from October 1, 2023, to September 30, 2024), with a budget deficit of $1.833 trillion, an increase of 8% compared to the fiscal year 2023.
Data map: U.S. dollar bills.
According to previous reports, after winning the 2024 election, Trump stated that American entrepreneur Elon Musk and Vivek Ramaswamy would co-lead the proposed 'Department of Government Efficiency' upon his inauguration. Shortly thereafter, the account for this 'department' went live on the social media platform X. According to Trump, the 'Department of Government Efficiency' will 'pave the way for dismantling government bureaucracy, reducing excessive regulatory laws and wasteful spending, and reorganizing federal agencies.' He also stated that the department would examine the operations of U.S. federal agencies from the perspective of 'efficiency,' aiming to 'eliminate massive waste and fraud' from the annual $6.5 trillion government expenditure. However, U.S. media pointed out that despite its name, the 'Department of Government Efficiency' is not a U.S. government agency. It is still unclear how this organization will operate.#BabyMarvinf9c7您拥有您值得 
