Elon Musk's "Department of Government Efficiency" (D.O.G.E), commissioned by President Trump to cut $2 trillion from federal spending, may be scrapped due to the fragile economy and unrealistic goals. Musk has now downgraded the goal to $1 trillion, but even this is considered unlikely by experts. The US economy is projected to grow by 2-2.5% in 2025, but the labor market is cooling and inflation remains a challenge. D.O.G.E lacks real power and is essentially an advisory panel. The recent California wildfires and potential tariff increases further complicate the economic landscape. Trump's growth agenda depends on keeping inflation low, but partisan expectations and concerns about Elon's influence could add to the challenges. Overall, cutting costs without sacrificing growth seems almost impossible given the current circumstances.
- Content Editor ( cryptopolitan.com )
- 2025-01-14
President Trump will have to cancel Elon Musk’s D.O.G.E now, for the economy’s survival