Elon Musk is co-leading an advisory group called the Department of Government Efficiency (D.O.G.E) with Vivek Ramaswamy under the incoming administration of Donald Trump. The goal of the group is to cut $2 trillion from federal spending, but experts believe the plans are unrealistic and could crash the US economy. D.O.G.E's proposals, including massive layoffs and gutting regulations, may not deliver real savings and could worsen the national debt. The involvement of Elon Musk, who has already flexed his political muscle, has increased concerns about the potential economic impact. Financial markets are also nervous about the group's plans, as they could lead to a "deflationary shock" and slower economic growth. The crypto market, including Bitcoin and Dogecoin, could be affected. Additionally, if entitlement programs like Social Security are targeted, consumer spending could be reduced, further impacting the economy.



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