Elon Musk's Plan for the US National Debt.

America is facing a critical moment as it navigates a turbulent economic time. With government spending at an all-time high, drastic cuts are almost essential to avoid financial collapse. The recent election of Donald Trump has brought Elon Musk into the spotlight, especially with his significant $100 million support for Trump's campaign and anticipated role in the administration.

Musk's new position as head of the Department of Government Efficiency (Doge) aims to tackle wasteful spending and reduce the deficit. This video delves into how these changes could reshape our government's financial landscape while addressing deregulation efforts that may follow.

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★ ★ CONTENTS ★ ★
0:00 The Department of Government Efficiency
1:49 The US Deficit
4:00 Musk's Plan to Reverse the Deficit
7:35 Consolidating Government Agencies
10:40 Criticism of Musk's Plan

#GovernmentEfficiency
#ElonMusk

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[NewMoneyYouTube]

Thanks for watching guys! Let me know what you think of Elon's plan - are you all for it? Or do you find it to be a conflict of interest. I'm interested to hear your thoughts!
Also (getting ahead of the comments) - I know Dana White is the CEO not founder of the UFC... just misspoke.

[robertfox]

Many government employees are taught to use every dollar allocated each year or risk losing funds next year. That is one practice that needs to change.

[robertd]

Replace the "spend it or lose it" budget mentality with a rewards for savings budget mentality and the federal debt drops like a rock.

[BulletproofPastor]

I was once called off the job to drive 20 min. to the county office 3rd floor, carry a form downstairs to an employee in a tiny office who looked up my tax record ON THE SAME COMPUTER SYSTEM that the form was printed from and stamp the form "taxes current." I took the form back upstairs where they added that update to THE SAME COMPUTER SYSTEM. I asked why the system didn't just update itself and was told "If we did that, the employee downstairs wouldn't have a job and her manager would lose headcount."

[drzfinestperiod]

I wonder if Elon will go to Boeing and say " hey we're not paying any more of these 4, 000% markups for parts anymore..."

[CH-esup]

I am a government employee. The inefficiency in government is truly unbelievable. So much waste. I work in public safety with aviation. I use equipment that is older than I am (and I am closer to retirement than the start of my career). Better equipment and methods exist, but procurement and onboarding is a joke.

[bthompson]

As a 30+ year military veteran/federal employee, the list of nonsense expenditures never seems to end. There were congressional allocations for training and equipment that we had no choice but to find uses for which were completely unnecessary.

[WSeabrookLightTouch]

How amazing would it be for US news agencies to report this sanely and analytically? No bias, no spin, thoughtful summary of the facts and open ended questions relevant to the topic. And the deluge of comments from federal employees make it clear there's a productive way forward here.

[bobtoner]

Encourage government workers to anonymously report waste. Doing nothing is not a option.

[robertfox]

"Elon - because he's not very busy..." Best line.

[elterga]

As a federal employee, I can tell you the amount of money essentially thrown away is staggering. Price gouging, misallocation of funds, and trying to spend the entire budget are some of the biggest leaks in money.

[Northmanson]

I’m a US Army veteran and I have served 21 years in federal civil service. I can say it’s an absolute fact that 1/3 of federal employees do all the work, 1/3 do the bare minimum, and 1/3 does nothing at all. It’s nearly impossible to fire a federal employee and this is the number one factor causing inefficiency!

[skeetercreek]

I've got about 15 coworkers at a school district that could be cut with no noticeable impact. 1st one on the list is the budget manager who makes 200, 000 a year and gets 6000 yearly raises, while telling cleaning staff to use less cleaner because it's not in the budget. Its run just like our government. POORLY

[Ron_P]

Part of the problem is departments must spend their entire budget to get that same budget the following year. If a department doesn't spend the entire amount, use it to pay the debt. Companies do the same stupid thing. They cut budgets when they don't spend it because apparently you didn't need it.

[KuzKiller]

My father (an electrican) once did some work on a local military base where they had several helicopters running idle on the tarmac. He asked someone why they were just sitting there running and they said "they need to use up the fuel becuase if they dont then they wont get the funding for it next year."

[johenderson]

In my opinion, one of the first steps is to get rid of ALL lobbyists. Those people are there to influence our government to spend money and usually high cost so they can get their cut. If our government needs jobs to be done, then get estimates like businesses do. Then hold those estimates to account... no changes and no over rides. Accountability on ALL sides.

[Bootiehunta]

I saw a video where we paid 90, 000 for a bag of bolts from one of our military contractors. We need to change that shit too.

[noenduringcity]

We had a similar situation at the university where I work. The organization was headed for a financial cliff. They brought in a business exec who specialized in rescuing companies. He did a remarkable job getting the finances in order but this earned him the wrath of the faculty and he was driven off in less than a year. Everyone hated him but he saved the university and got in a position so that, during COVID, no one lost their jobs. This was only possible because people were FORCED to change. No one wants to give up anything for themselves EVER, but sometimes it's the only way to avoid bankruptcy.

[stevehoule]

No one in government seems to have any accountability for being inefficient ... that has to change!

[kortyEdna]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...