Musk will take a chainsaw to government spending
Hilliard MacBeth, CIM, FCSI?
Portfolio Manager & Investment Advisor, Richardson Wealth
The Department of Government Efficiency, known as DOGE, is headed by Elon Musk and Vivek Ramaswamy. Elon Musk is well known as the world’s wealthiest entrepreneur, while Ramaswamy was a candidate for the Republican nomination in 2023.
The goal of DOGE is to “cut the federal government down to size”.
This could have a positive impact by reducing the out-of-control federal government deficit, which is running at $2 trillion annually.
Can DOGE succeed?