In a move that has stunned Washington, Elon Musk — now dubbed the “Lara Croft of efficiency” — has pledged to cut $4 billion from the US government budget every day through September 30. As head of the newly created Department of Government Efficiency (DOGE), Musk is on a mission to shrink the federal deficit, which currently stands at a whopping $36.6 trillion.
Musk, who currently only communicates through X for “full transparency,” explained his vision in a post:
“We are bringing fiscal responsibility. Even with a $1 trillion deficit, economic growth will close the gap and keep inflation low. A huge problem.”
His ultimate goal? Reducing the projected $2 trillion deficit for fiscal year 2026 to $1 trillion—an ambitious effort that he claims will prove that inflation is caused solely by excessive government spending.
DOGE Strikes: $1 Billion Cut in Contract
Musk wasted no time in implementing his cost-cutting program. His team at DOGE canceled more than $1 billion in diversity, equity, inclusion, and accessibility (DEIA) contracts, calling them the product of “insane hiring practices” under the Biden administration.
According to DOGE's official X account:
“As of January 29, 85 DEIA-related contracts with a total value of ~$1 billion have been terminated.”
These cuts include a number of federal agencies, including the Department of Defense, the Department of Treasury, the Department of Education, the Department of Agriculture, and the Environmental Protection Agency. Musk argues that these contracts are not only wasteful but also dangerous. He asserts that they prioritize social agendas over capacity, potentially endangering public safety. With these initial moves, Musk has made it clear that DOGE is just getting started.
A ruthless approach to government work
Musk has long criticized remote work, and now federal employees are experiencing his policies firsthand. A government-wide email, reportedly titled “Fork in the Road,” gave employees until February 6 to accept an eight-month buyout or return to the office five days a week.
The memo bears a striking resemblance to Musk’s infamous firing emails at Tesla and Twitter, cementing his reputation for brutal efficiency. Unsurprisingly, unions are gearing up for legal battles—but Musk remains undeterred.
Adding to his legend, Musk is said to have slept at DOGE headquarters inside the Eisenhower Executive Office Building, working the night shift. He has even claimed that he was invited to sleep in the Lincoln Bedroom in the White House, although no official sources have confirmed this.
Blockchain: Musk's Plan for Federal Transparency
One of Musk's boldest ideas is to track every federal dollar using blockchain technology. He believes this would eliminate fraud and ensure complete transparency in government spending.
The concept isn't exactly new—the Trump transition team was briefed on the decentralized ledger in December—but Musk's plan is unprecedented in scale. If implemented, it would be the largest blockchain application for financial tracking in history.
Major crypto influencers have backed the idea. Binance founder Changpeng Zhao tweeted:
“All governments should track their spending on the blockchain. It's public money.”
Meanwhile, Cardano founder Charles Hoskinson has dedicated his team’s expertise to partner with Bitcoin and Midnight to realize Musk’s vision.
DOGE becomes a country?
Musk’s drastic cost cuts have sparked a wave of copycat movements. Texas lawmakers are pushing for similar spending cuts, and XRP attorney John Deaton is calling for a Massachusetts version of DOGE.
Deaton, a Republican who ran against Elizabeth Warren last year, criticized Democrats for excessive spending and tax increases:
“Taxes are the Democrats’ answer to every problem we face in Massachusetts. Here’s an idea: Let’s cut unnecessary spending for once, shall we? @elonmusk we need a Massachusetts DOGE”
With Musk at the helm, a nationwide shift toward progressive government efficiency may not be far off. Whether DOGE succeeds or sparks widespread backlash, one thing is certain: Elon Musk is reshaping Washington in his own image.
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