What is the "Department of Government Efficiency"? This department, which sounds full of "efficiency", is actually aimed at cutting government regulations and waste. Trump's original words were: "The Department of Government Efficiency will pave the way for dismantling government bureaucracy, cutting redundant regulations and wasteful spending, and restructuring federal agencies." Although it is not clear how this department will operate, Musk has made a bold statement in response to the appointment: the Department of Government Efficiency will publish its "all actions" online to achieve "maximum transparency", with the ultimate goal of cutting the US federal budget by "at least" $2 trillion.
What does $2 trillion mean? It is equivalent to the U.S. military's 20-year military investment in Afghanistan. In order to achieve this goal, Musk even proposed to reduce the current 428 federal agencies in the United States to 99 and to lay off a large number of government departments, with a layoff rate of up to 77%.
Musk is expected to pass on his experience in managing Tesla and SpaceX to Trump. Regarding Musk's position in the new administration, Trump announced that he would set up a government efficiency committee and let Musk serve as the chairman. The government efficiency committee will be responsible for carefully reviewing the accounting books of various federal government departments, cutting fiscal expenditures on wasteful budget projects, and eliminating unnecessary restrictions. #BabyMarvinf9c7牛市新星⭐
