Elon Musk’s Ambitious Plan to Slash $2 Trillion from US Government Spending
Elon Musk has been appointed co-head of a new Department of Government Efficiency, challenging him to cut $2 trillion from US government spending. Although he claims substantial savings can be found by reducing waste, experts warn that such cuts may require dismantling entire agencies, primarily as discretionary spending only totals $1.7 trillion. With mandatory expenditures like Social Security and Medicare consuming significant portions of the budget, many analysts are skeptical about the feasibility of Musk’s goal without severe impacts on government functions. Significant resistance is also anticipated in Congress as political dynamics complicate potential budget reforms.