Elon Musk wants to save $2 trillion a year in government. But how is that even supposed to work? Budget expert Bobby Kogan explains.
Elon Musk and Vivek Ramaswamy want to make massive cuts to the federal budget. What do you expect?
It is the job of Congress to decide how funds are appropriated and spent. The president can say yes or no to the budget. But in the end, Parliament decides what should be financed and what should not. A lot of money is earmarked. The White House is likely to try to delay payouts, prevent them altogether or attach conditions. I expect that Donald Trump’s administration will try to centralize spending power. Elon Musk and Vivek Ramaswamy will prepare proposals on what should be cut.
Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
