Elon's New Government Position Cuts $2 Trillion from U.S.
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Hey, everybody, welcome back to the england must podcast. This is a show where we discussed the critical crossroads, the ship space's tesla x the boring company in neural ink. I'm your host, will welden.

So how does elan musk plan to cut two trillion dollars from the federal budget? Is IT realistic, or will that lead to a collapse of our vital services in the united seats of america? And can his involved with a trump administration really make that happen? Or will conflicts of interest get in the way? Now elon mask has floated the idea of trimmed two trillions dollars from the U.

S. Federal government spending during a speech at a trump relied in new ork city last month. Now he has been appointed to collect to the newly established department of government efficiency, or dodge a president.

Electoral trump disappointment gives a musical opportunity to a test his ambitious claims, what is unclear, how feasible his proposals are or what impact they might have on the functioning of the U. S. government.

And when the fiscal year of twenty twenty three, the U. S. Federal government spent approximately six point two five trillion dollars, according to the U. S. Treasury, in the musk school of flashing, two trillion dollars would amount to a reduction of nearly thirty percent in federal spending.

Now, for context, Mandatory expenditure is such as national security, medicare and interest payments on national debt constitute a significant portion of that budget, making them difficult to cut without legal changes or risking severe political backlash. Now interest payments alone accounted for about eight hundred and eighty billion dollars at thirteen percent of the total, while social security made up one point four six trillion, or twenty two percent of that. Now directionally spending, which is subject to annual congressional approval, comprise roughly twenty five percent of the budget, twenty twenty three.

This category includes defense eight hundred and seventy four billion, transportation one hundred thirty seven billion, in education three hundred and five billion. More than half of discretionary spending is allocated to defense, an area trump his pledge to expand, not cut, through initiatives like a new missile defense system. Given the makeup of the budget targeting only directionally spending for musk, proposed cuts would require dismantling entire agencies or eliminating major programs of strategy unlikely to gain widespread political support.

Now trip announced that must would be working alongside entrepreneur ivic ramaswamy as co leaders of dodge. Their primary objective is to identify and eliminate waste in federal spinning by reducing bureaucratic and efficiencies, cutting reduction regulations and streamlining government Operations. However, experts warn that the new departments advisory role without direct executive power could limit its effectiveness.

They said. There is the executive branch that might be in the way the congress might be, in the way the constitution is a bit of an obstacle committed. Uh, Douglas holds eakin present of the american action forum. Now musk track record is reducing Operational cost.

Of course, it's notable particularly and x, where he slashed the workforce from eight thousand people to fifteen hundred people after angle, requiring the company, however, applying similar methods to government agencies could prove more chAllenging given the complexities of federal regulations and legal constraints. Now the U. S.

Federal government Operates under laboring of rules, and sweeping reforms would require approval from congress, where previous attempts as smaller budget cuts have feed significant hurdles. In twenty twenty two, republican lawyers struggle the past legislation cutting just one hundred and thirty billion dollars from directionally spending. Even with the top controlled congress, any substantial reductions to the budget would face resistance, especially from long makers learned about the potential impacts on essential services.

Additionally, they will trump campaign on promises to enhances source of security benefits by removing income tax on them, which would likely increase, not decrease, federal expenditure in that area. Now the doge department, the new department, will reportedly partner with the office of management and budget, the O, M, B, to pursue structural reform, but the goal of completing their work by july forth of twenty twenty six. Now truck described the initial as potentially the manhattan project of our time signal, its ambitious scope, the department's official account x has already begun messaging as goals to the public, stating, working over time to ensure your text dollars will be spent wisely.

Now, despite this enthusiasm, many endless remain skeptical. Sounds to me like an outside commission that will give O M B recommendations on what they should do to improve government efficiency. And as such, his powers are entirely advisory.

Now, without former authority, the commission's recommendations may be easy, further parts of the government to just ignore and must close relationship with the, uh, trump could provide the commissioned some influences. The billionaire spent elections ated trummer lagos date and has been involved in several meetings with the president elect in republican lawmakers. However, this connection also raises concerns about potential conflicts.

Interest test less space, sex and muscle wed companies hold substantial contracts with federal agencies, including NASA, the department of defense, and critics argue that musk dual roles as a taxi and government adviser could lead to bias recommendations that favor his own business interest. Ethics experts have pointed out that for us to comply with federal conflict of interest laws, he would need to either divest from his companies or rescue themselves from discussions involving agencies where as businesses have dealings. However, since do just, technically just and advisory board created by the president rather than congress, I my skirt standard ethics rules leaving questions about oversight, accountability.

If it's commission, it's outside the government um then the president takes the advice or he doesn't. Now tellis frequent disputes with regulatory agency is like the national highway safety patrol, uh, exemplify the potential conflicts the N. H T.

Say has Mandate a recalls and open investigations in the test of vehicles or safety concerns, actions that musk has publicly criticized as overreach. Now, a government efficiency commission called by musk e could propose cuts to regulatory body is like H, T, S, A, potentially limiting their ability to enforce safety standards and indirectly benefit tesla. Now, space anx muscular rocket company also faces regulatory fruit tiny, particularly from the F, A A.

Delays to space x starship program have been attributed to F, A, A reviews, which muscular argued are excessive in space. Is contracts with NASA and the department of defense total billions of dollars in any a budgetary or regulatory changes recommended by doge could impact these projects. No x has faces own chAllenges, including ongoing investigations by the federal trade commission of the ftc in the security and exchange commission of the S C C.

Since taking control of the platform, must has overhauled its Operations in content policies, drawn criticism for potentially prioritising his political views over consumer protection and transparency. Public endorsements of trump and active promotion of pro trump content on x have fuelled concerns about the platforms neutrality during the elections season. And while mosque has described his involved with dodge as an effort to delete the mount of choking regulations, legal experts warned that if he directly participates in decisions affecting his own businesses, he could violate federal ethics laws unless he receives a waiver from the president.

Now, such wavers have been very rare in controversial past. Now, environmental issues may also oppose each chAllenge to musk plans his A I venture. X A, I is building a supercomputer facility in memphis, tennessee, which has drawn criticism from environmental groups due its reliance on gas turbans in its location near predominated black igher hoods.

Environmental protection agency, or the E P A, has been urged to investigate the potential health impacts of this project, which could complicate any attempts by doge to propose cuts to environmental regulations. Now, despite these concerns musan ramos' I seem determined to push forward with their vision for reducing government waste. Musk social media presence suggests he plans to keep the public engaged, even promising a leader board for the most instantly dumps spending of your tax dollars.

Whether this approach will resonate with viewers and voters or translated meaningful policy changes remains to be seen, and while the dog e initiative has garnered significant attention is ultimate success will hinge on the willingness of congress and the White house to adapt its recommendations. Without a clear legal Mandate or bipartisan support, the department may struggle to implement its goals. For now, the debate over musk appointment in the feasibility of its proposed cuts is likely to dominate discussions in washington, highlighting the chAllenge is a balancing efficiency, transparency and at the go governance.

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