CosmicTaco

Elon Musk's $2 Trillion Budget Cut Plan Faces Scrutiny

CosmicTaco · 2024-11-23T21:38:36.650377+05:30

- Elon Musk and Vivek Ramaswamy, appointed by President-elect Trump, aim to cut $2 trillion from the national budget through the new Department of Government Efficiency (DOGE). - Nobel laureate Simon Johnson criticizes Musk's plan, highlighting the impracticality of cutting such a large portion of the budget without affecting essential services. - Experts argue that Musk and Ramaswamy's understanding of federal spending is superficial, and their proposed cuts could lead to significant backlash and increased national debt. Source: [Insider](https://www.businessinsider.com/musk-doge-plans-dont-make-sense-nobel-prize-winning-economist-2024-11), [Salon](https://www.salon.com/2024/11/23/experts-doge-scheme-doomed-because-of-musk-and-ramaswamys-meme-level-understanding-of-spending/)

Elon Musk and Vivek Ramaswamy, appointed by President-elect Trump, aim to cut $2 trillion from the national budget through the new Department of Government Efficiency (DOGE).
Nobel laureate Simon Johnson criticizes Musk's plan, highlighting the impracticality of cutting such a large portion of the budget without affecting essential services.
Experts argue that Musk and Ramaswamy's understanding of federal spending is superficial, and their proposed cuts could lead to significant backlash and increased national debt.

Source: Insider, Salon