The world's richest man, Elon Musk, met with US politicians on Capitol Hill to discuss his plans as co-chairman of the newly announced Department of Government Efficiency, aiming to trim over $2 trillion from federal spending.
Richest man in the world meets politicians on Capitol Hill to discuss his plans to trim some $2 trillion from federal government spending
“What really stood out to me was how collaborative the tone was,” said Dusty Johnson, South Dakota’s only member of Congress and a Republican. “That isn’t how America functions today. Most legal edicts aren’t laws enacted by Congress but ‘rules and regulations’ promulgated by unelected bureaucrats – tens of thousands of them each year.
“Someone did a little survey of how many federal employees are working in the office,” Johnson said as Musk, Elon and X settled into a meeting room adjacent to the Auditorium. The plan is for Doge to achieve its mission in less than two years and to be formally wound down on Independence Day 2026. He bought Twitter for $44 billion in 2022. It’s current iteration, X, is worth an about $12 billion, which is not the conventional approach to growing a business. But the social media tool’s use as an instrument of disruption may be worth inestimably more to Musk than its current monetary value.
Others, however, have been scathing. New York congresswoman Alexandria Ocasio-Cortez offered this curt post on Musk’s platform on Thursday: ‘Doesn’t get lower than gutting some of the only lifelines left for veterans, seniors, widows, and the disabled.”
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