Elon Musk and Vivek Ramaswamy launch advisory board to tackle US government efficiency

edition.cnn.com

Elon Musk and Vivek Ramaswamy are leading an advisory board aimed at improving government efficiency, similar to the 1982 Grace Commission. However, experts doubt their ability to implement significant changes to the complex $6.8 trillion federal budget. Musk has suggested cutting $2 trillion from the budget, but most spending is mandatory, including Medicare and Social Security, making cuts politically challenging. Discretionary spending is already at a low level, complicating efforts to achieve substantial savings. Musk and Ramaswamy propose targeting unauthorized federal expenditures. They may also explore unilateral spending cuts, which could face legal challenges. The effectiveness of their strategies remains uncertain.


With a significance score of 4.4, this news ranks in the top 6% of today's 18378 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.