Elon Musk’s Plan to Balance the US Budget Explained
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On Tuesday, Trump announced the creation of a new "Department of Government Efficiency" to be headed by Elon Musk and Vivek Ramaswamy. In this video, we're taking a look at what this new department is and whether it can really trim down the American state.

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1 - https://twitter.com/EricLDaugh/status/1856496438085038497 2 - https://www.washingtonpost.com/business/2024/10/29/elon-musk-2-trillion-budget-cuts-trump-election/ 3 - https://tradingeconomics.com/united-states/government-budget 4 - https://www.cbo.gov/publication/60843 5 - https://fred.stlouisfed.org/series/GFDEGDQ188S 6 - https://www.economist.com/graphic-detail/2024/07/19/can-america-afford-its-debts 7 - https://www.crfb.org/blogs/interest-costs-just-surpassed-defense-and-medicare 8 - https://www.crfb.org/papers/fiscal-impact-harris-and-trump-campaign-plans 9 - https://www.economist.com/briefing/2024/05/02/americas-fiscal-outlook-is-disastrous-but-forgotten 10 - https://www.bbc.co.uk/news/articles/cdj38mekdkgo 11 - https://www.bloomberg.com/news/articles/2024-10-28/musk-wants-2-trillion-cut-from-us-budget-it-d-be-difficult 12 - https://www.batimes.com.ar/news/economy/due-to-public-expenditure-cutbacks-the-fiscal-adjustment-in-the-first-half-was-the-highest-in-over-60-years.phtml 13 - https://thedailyeconomy.org/article/javier-mileis-shock-therapy-is-working/ 14 - https://www.allianz-trade.com/en_global/economic-research/country-reports/Argentina.html 15 - https://www.ft.com/content/ccaeb4f5-6818-4aec-8112-cbf3639ad557 16 - https://twitter.com/FischerKing64/status/1851012299689189731

00:00 - Introduction 01:24 - Why Musk Wants to Trim Down the State 04:57 - Can He Do It? 07:19 - Sponsored Content