President-elect Donald Trump knocked billionaire entrepreneurs Elon Musk and Vivek Ramaswamy will lead a latest department responsible for downsizing and restructuring the US government to introduce “drastic changes”.
This latest division is called the Department of Government Efficiency, or the acronym DOGE, a reference to the cryptocurrency Musk has vocally supported.
Musk and Ramaswamy will ‘pave the way’ for Trump administration to ‘dismantize government bureaucracy, reduce regulatory excess, cut wasteful spending and restructure federal agencies’ – Trump – he wrote in the announcement on Tuesday on platform X owned by Musk.
“Importantly, we will eliminate the massive waste and fraud that occurs in our $6.5 trillion in annual government spending,” Trump wrote.
President-elect Donald Trump. (Photo: JIM WATSON/AFP via Getty Images)
Musk and Ramaswamy have until July 4, 2026, the 250th anniversary of the Declaration of Independence, to implement the latest department’s goals.
Both Musk and Ramaswamy were quick to react to the news.
Ramaswamy wrote on X on Tuesday, DOGE will “soon” crowdsource or ask Americans for “examples of government waste, fraud and abuse.”
He in addition in a separate post that “the only right answer is a massive reduction” in federal bureaucracy.
Musk reposted Ramaswamy commented on this on Wednesday morning and wrote, “It’s the only way.”
DOGE will soon begin sourcing examples of presidency waste, fraud and abuse. Americans voted for drastic government reform and they should be a part of fixing it. https://t.co/iRXmgT6ZuQ
— Vivek Ramaswamy (@VivekGRAmaswamy) November 13, 2024
It’s the only way https://t.co/Lp7k907pHy
— Elon Musk (@elonmusk) November 13, 2024
The US government issued $6.75 trillion in the 2024 tax 12 months, which lasted from October 1, 2023 to September 30, 2024.