Billionaire Bigwigs Push for Budget Cuts: What's the Deal with US Federal Spending?
USASun Dec 29 2024
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Ever wondered how the government spends our tax dollars? Well, Elon Musk and Vivek Ramaswamy, the dynamic billionaire duo heading the newly minted Department of Government Efficiency (DOGE), are on a mission to chop at least $2 trillion off the federal budget. They're eyeing big targets like the IRS, Department of Education, FBI, and Nuclear Regulatory Commission. But wait, it's not that simple! Experts say hacking off that much dough is gonna be tough. Mandatory programs like Social Security and Medicare eat up a big chunk of the budget. Plus, defense spending is a sacred cow for many lawmakers.
Now, let's talk jobs. Musk and Ramaswamy have a plan to shrink the federal workforce by forcing employees back to the office, hoping many will quit. But here’s the thing: most federal workers are already at their desks. And the workforce size hasn’t changed much in decades, even though the government does more stuff now. Back in Bill Clinton's time, the headcount dropped, but 9/11 put the brakes on downsizing.
You might think most federal workers are in Washington, D. C. , but nope! They’re spread across the country, providing services everywhere. So, while Musk and Ramaswamy have their work cut out for them, it’s clear that understanding federal spending and the workforce is key.
https://localnews.ai/article/billionaire-bigwigs-push-for-budget-cuts-whats-the-deal-with-us-federal-spending-df808887
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