Elon Musk and Vivek Ramaswamy to Lead $2 Trillion Federal Spending Overhaul
The Department of Government Efficiency, under President-elect Trump's administration, targets waste, fraud, and outdated systems to streamline federal operations.
- Musk and Ramaswamy aim to cut $2 trillion in federal spending, with plans to eliminate inefficiencies across multiple agencies.
- Key priorities include simplifying the tax code, addressing chronic audit failures at the Department of Defense, and modernizing outdated government IT systems.
- The Department of Government Efficiency (DOGE) will focus on combating fraud, with experts suggesting modernization and data analysis as critical tools for success.
- Proposals include ending telework for federal employees, reducing funding for expired programs, and increasing transparency in foreign aid expenditures.
- Entitlement programs like Medicare, Medicaid, and Social Security will not face direct cuts, but DOGE plans to target improper payments and fraud within these systems.
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