On October 12, local time, Trump announced that Musk will lead the newly established "government efficiency department" to "reduce excess regulatory regulations and waste expenses and reorganize federal agencies."Musk advocated the reduction of US $ 2 trillion federal expenditure. He has listed departments and fields to be reduced on X, and the Ministry of Education and the National Public Broadcasting Station are listed.
Trump "Point" Musk
On the 12th, the United States President Trump announced the announcement of President Trump announcedU.S. entrepreneurs Musk and Virkk Lamuswami will jointly lead the "government efficiency department" that he will be established after he as president.Trump said in a statement that the two billionaires will be responsible for cutting "excessive supervision" and "waste expenditures" and reorganizing government agencies.
Indian American entrepreneur Vevek Ramaswam (left) and US billionaire Musk (right) in the United StatesColumbia Broadcasting Corporation (CBS)
Trump said in a latest statement that the two of them "will" abolish my government bureaucratic institution, cut off excessive regulations, reduce waste of waste.The paving the road with expenditure and reorganization of federal agencies -this is very important for saving the United States movement. "He said that these tasks will end before July 4, 2026. This is exactly when the 250th anniversary of the signing of the American Declaration of Independence. At that time, a smaller and more efficient government will be the "gift" they give to the United States.Essence
In this regard, Musk posted on the same day, "If the public thinks that we have reduced important expenses or have not reduced waste expenses, please tell us ... We will also set up a list to select the list to select the selection and select the selection.The most stupid tax expenditure will be extremely miserable and extremely interesting.) "" ".
British Reuters reported on the 12th that Trumps appointment rewarded his two supporters from the private sector. Musk donated tens of millions of dollars to support SpecialTrumps campaign and showed his appearance with him in the campaign. Lamaswami was the founder of a pharmaceutical company. He had nominated for the Republican presidential candidate with Trump, and then withdrew and supported Trump to support Trump.general.
I plan to reduce $ 2 trillion
The announcement did not disclose the specific details, such as how much they planned to cut.However, Musk said at the Trump campaign rally at the Madison Square Garden in New York on October 27 that peoples money was wasted.If Trump is elected, he will significantly reduce government expenditure, "at least $ 2 trillion from the federal budget."He has listed departments and fields for the planned reduction on X, and the Ministry of Education and the National Public Broadcasting Station are listed.
And the United States does have the problem of waste of government funding.The United States is a veritable "big government". A federal government has tens of thousands of people, and hundreds of parliament members are tens of thousands of people.U.S. media have continuously criticized the infrastructure projects invested by the government without results, and the Ministry of Defense "burned money" and other issues.
However, the United States AXIOS News said that if you want to reduce so much money, it is easy to make it difficult to say.The analysis of the article pointed out that although Trump described it as "the" Manhattan Plan "of our time", it also stated that the department would provide suggestions from "outside the government".This shows that Musk and Ramaswami will not have the power to implement change, and can only make suggestions to the White House and the administrative department.
The goal of $ 2 trillion is equivalent to nearly one -third of the existing expenditure.According to data from the US Department of Finance, the US Treasury expenditure in 2024 was US $ 6.752 trillion, an increase of 10%.The budget deficit increased to $ 1.833 trillion, setting the highest record except for the new crown epidemic period.
据美国《国会山报》报道，2024财年，社会保障支出占比居首位，紧随其后的是健康支出、净利息支出、医保支出、Defense expenditure, etc.The above expenditure has added more than half of the total expenditure.
The United States 2024 fiscal year "Washington Post"
American Cable Television News Network (CNN reported that in a speech in the New York Economic Club on the 12th, former US Treasury Secretary Samers said that Musk could find a cut of 2 trillion US dollar budgets in the New York Economic Club, because there was limited space for curbing waste.
Economist and former dean of the business school of Columbia University believe that if interest expenses, guarantee expenditures and national defense expenditures, reduce the remaining expenditure by 2The dollar will be very challenging.
Reported that Trump and Republicans of Parliament have long been able to crack down on waste, fraud and abuse as methods to save federal government expenditures.However, when Trump first discussed the establishment of a government efficiency committee, Gedi Wein, the senior policy director responsible for the federal budget, told CNN that this statement "is often an excuse for nothing."Gold Weine said that the association must be widely authorized to review the big head of federal expenditure -social security, medical insurance and national defense to play the greatest effect.
U.S. government may face layoffs
It is worth mentioning that Musk in layoffsWith rich experience, after the acquisition of X (Twitter) in 2022, Musk made 80%of the layoffs, and the companys scale was reduced from 8,000 to 1,500.Musk said that the company avoided the companys $ 3 billion in funding gap.
In April 2024, Musk announced that Tesla lay off 10%of the global layoffs and affected 14,000 employees.He said that Teslas "rapid growth" has led to "duplicate roles and work functions in certain fields", and layoffs will keep the company streamlined, innovative and enter the next growth cycle.
After the new appointment was announced, Musk said: "This will bring a shock wave to the system. Anyone who involves the waste of the government (will be affected)!"Sirks partner Ramaswami has previously stated that it is necessary to comprehensively reduce the number of 75%of the number of federal bureaucratic agencies, and it is recommended to fix federal staff according to social security numbers.
However, some media pointed out that Musk does not seem to care about what will happen after the reduction of the plan, but just acknowledge that cutting expenses "will inevitably bring some temporary difficulties."Earlier, after Musks acquisition of X, Xs income declined sharply, and advertisers withdrew their capital.In this regard, Musks reply a year ago was "let them get out."Of course, after Trumps victory, the status of advertisers and X platforms has undergone tremendous changes. Some marketers may redefine the expenditure to X as "political leverage".
Analysis believes that although Musk operates many companies, he has lack of experience in managing government departments.Compared with corporate employees, federal government employees enjoy strong employment protection, which will hinder Musks "big sword" approach to reduce costs, and may even make him unable to do this.
Drive the dogs currency trading fanatic
Interestingly, in the statement issued by Trump,The abbreviation of the "DEPARTMENT of Government Efficience" is clearly "Doge".
Musk posted a logo in the "government efficiency department" LOGO Tamusk X account
ID = "35U88R8P"> This abbreviation is just consistent with the "MEME)" Shiba Inu Doge "that has been popular in recent years.The follow -up of the Internet cryptocurrency "Dogecoin" (Dogecoin) has risen its popularity because of Musks public touting and enthusiastic sales.
COINCODEX data shows that the current dog currency has risen by nearly 10%, rising by more than 100%in the past week, and the total market value has jumped sixth.
CoingLass summarized the transaction data and found that the dog coin unrestrained contract soared from the top 850 million to 1.3 billion US dollars.When the price -off contract increases with the rise in prices, this indicates that new funds are entering the market and shows that the market is showing a strong trend.
cryptocurrencies are also one of the best markets after the election.The total market value of cryptocurrencies has exceeded $ 3 trillion since 2021.
Unprecedented "political and business union" situation
At present, regardless of the "government efficiency department" will beHow to play a role will have various impacts on the US political ecology.A entrepreneur and a candidate are so deeply tied so deeply that there are no precedents in previous campaigns.
Some observers questioned Musks motivation to support Trump before election, and believed that Musk and its companies could benefit from the relationship with Trump.Critics pointed out that Musks new position will form a conflict with it.The company he operated includes Tesla and SpaceX, holding billions of dollars in federal contracts, and benefited from federal expenditure, such as electric vehicle tax credits and infrastructure investment.
Gordon, a professor at the University of Michigans Ross School of Business, said that Musk believes that he has been blocked by the regulatory agency and believes that the government intervenes to kill the development of his dedicated technology (such as autonomous driving).Essence"He wants to be the kind of entrepreneur who is at the forefront, can open up a new path without being bound by regulatory office, because regulatory supervision is often 5 years, 10 years, and 20 years. Musk wants to goAnother way "
