Newly elected US President Donald Trump recently announced the creation of a new initiative known as the Department of Government Efficiency (DOGE), which will be led by Elon Musk and Vivek Ramaswamy. The ultimate goal is to streamline federal operations and reduce significant government spending by at least $2 trillion, a goal that several budget experts have deemed unrealistic.
Vivek Ramaswamy has vowed to revamp America’s bureaucracy alongside Elon Musk under their newly formed Department of Government Efficiency (DOGE). Ramaswamy noted that Musk isn’t bringing a chisel; he brings a chainsaw. “We’re going to take it to that bureaucracy,” the biotech CEO added. “It will be a lot of fun.”
‘The Modern Manhattan Project’
Ramaswamy explained, “We are gathering the brightest minds of the country. This is the equivalent of a modern Manhattan project.” The DOGE also announced recruitment efforts at X, to search “revolutionaries with super high IQs and small government” who are willing to spend more than 80 hours a week on cost savings.
Trump noted in his statement that he looks forward to Elon and Vivek making changes to the federal bureaucracy for efficiency, while making life better for all Americans. “They will work together to liberate our economy and hold the US government accountable to ‘WE THE PEOPLE,’ Trump said.
Cameron Winklevoss underlines the importance of DOGE
Cameron Winklevoss in particular addressed X to underline the importance of DOGE, stating that “it goes far beyond controlling absurd government spending. It will lead to a decline in inflation, which is a silent tax on all Americans that drains wealth, but is also regressive and particularly affects low-income people.”
Tyler Winklevoss criticized Gary Gensler in a recent X-post amid speculation surrounding his firing that no amount of apology can undo the damage he has done to the crypto industry.
While Elon Musk has acknowledged that achieving these savings could cause “temporary hardship,” he emphasized that doing so will lead to great prosperity in the long run. Critics warn that the DOGE could destabilize crucial government functions, but Ramaswamy emphasizes that these cuts are essential for innovation and cost containment.
Bitcoin optimism for America
Cameron in another X after shared that Bitcoin’s current price rise is fueled by optimism for the future, which has not been seen in America for a long time. “This is not an illusory phenomenon of zero interest rates, late-stage growth hype, COVID stimulus or anything like that. This is real,” he said.
