Elon Musk plans to cut $4 billion from the US budget daily until the end of September. This is part of his mission at the Department of Government Efficiency (D.O.G.E) to reduce the federal deficit.
Elon's Goals with D.O.G.E
Elon Musk, the Tesla CEO and efficiency advocate, believes that inflation is solely caused by government spending. He hopes economic growth will bridge the $1 trillion deficit by 2026.
Contract Cancellations and Savings
Musk's team has already canceled $1 billion in contracts, viewing them as not only costly but also dangerous. These contracts were for diversity, equity, and inclusion initiatives across federal agencies, including Defense, Education, and Agriculture.
Blockchain's Role in Transparency
Elon Musk is advocating for blockchain to track government spending. The aim is to provide transparency and prevent fraud, although the project carries risks given past failures in corporate America.
Elon Musk is taking bold steps to cut government spending and employ new technologies for transparency, with support and criticism alike.
