SpaceX CEO Elon Musk and entrepreneur Ramasswamy will co-lead a U.S. government program called the Department of Government Efficiency (D.O.G.E) to drop the federal budget deficit. Elon Musk and DOGE: What You Need to Know About the Department of Government Efficiency by Liz Napolitano, compiled and contributed by Block Unicorn. MUSK DOGE PLANS TO SLASH 77 PERCENT OF U.S. CIVIL SERVANTS, WHY DOES HE HATE WASTE BUREAUCRATS SO MUCH? (Background added: 80 hours a week is not paid!) Musk Government Efficiency Department (DOGE) recruitment conditions exposed, online ridicule of super habitual boss) SpaceX CEO Elon Musk and entrepreneur Vivek Ramaswami will co-lead a new U.S. government program aimed at dropping the federal budget deficit. The initiative, called the Department of Government Efficiency (D.O.G.E), has the same acronym as Musk's favorite CryptocurrencyDOGE (Dogecoin). According to President-elect Donald Trump, the plan would "cut redundant regulation, reduce wasteful spending, and restructure federal agencies." However, some details of the project remain unclear. Here's everything we know about DOGE so far. What is DOGE? DOGE is an upcoming U.S. government initiative first mentioned by Elon Musk in a tweet last August. While the project initially seemed like a joke (it was built for the sake of being joking, and it's not surprising that DOGE's price goes up whenever Musk mentions it), Trump has expressed support for DOGE's initiative to cut government spending, suggesting that the once-fictional department will actually become a real-life U.S. government affiliate. "Musk and Vivek Ramasswamy will work together to pave the way for my administration to dismantle the bureaucracy, cut redundant regulation, reduce wasteful spending, and restructure federal agencies — critical to the Save America campaign," Trump said in a statement on Tuesday. Trump also noted that the project will continue "no later than July 4, 2026," the 250th anniversary of the Declaration of Independence. It is worth noting that according to the US congressional website, DOGE is not an official department of the US government in the traditional sense, because only Congress (not the president) can approve the creation of a new federal government department. Trump said Musk's Meme-related ideas would exist "outside the government system." This means that DOGE may not be supported by government funding. It also means that the project's ability to directly control the budgets of U.S. government agencies will be very limited, although DOGE's directives may be implemented through Trump's supporters in Congress. Who will manage DOGE? Billionaires Musk and Vivek Ramaswami will lead the government's efficiency ministry. According to Musk's Twitter post on Thursday, neither will be paid for the work. Musk, of course, is the CEO of TSL and SpaceX, as well as the owner of Twitter (now known as X). Ramasswamy, an entrepreneur and former Republican presidential candidate, dropped out of the race during the primaries in favor of Trump. According to an official post released by the department on Thursday, the plan is tentatively set to consist of "ultra-highly intelligent, supporters of the small-government revolution" who are willing to work more than 80 hours a week to cut disgraceful costs. Elon Musk tweeted this week that it was unclear how many employees would be hired to work on the project, but that those jobs would be unpaid. So far, neither Ramaswami nor Musk have immediately responded to Decrypt's request for comment. What will DOGE actually do? Trump said DOGE's role is to streamline the U.S. government by releasing reports that provide advice and guidance for cutting government regulation and spending. "Your money is wasted and the Ministry of Government Efficiency will solve this problem." We will no longer let the government pester you, no longer take money out of your wallets." Musk said at a Trump rally at Madison Square Garden in New York City in October. However, the billionaire leader of the quasi-department has given different views on the extent to which U.S. federal government spending should be cut. Musk has proposed cutting federal spending by $2 trillion, a third of the total U.S. federal budget. At the same time, Ramasswamy said he wants to cut the number of U.S. federal government employees by 75 percent, though the impact of such cuts on the budget is unclear. Despite these differences, based on recent public comments by Ramaswami and Musk, DOGE leaders seem to agree to lay off a large number of federal employees and several U.S. agencies, such as the Department of Education and the Federal Bureau of Investigation (FBI), in order to cut costs. Musk tweeted on Thursday: "The amount of government money wasted is beyond the public's imagination." He was referring to more than $6 trillion in US federal government spending in 2023. Musk also said that DOGE will hold a weekly live stream to share its progress. Why is it called DOGE? The virtual division's acronym DOGE seems to be a playful reference to DOGE (DOGE), a high-capitalization meme coin beloved by Elon Musk. That connection was reinforced by a T-shirt officially sold by Trump featuring President-elect Trump, Musk and a Shiba Inu. This internet memes, known for its Shiba Inu mascot, was invented in 2013 by a pair of software engineers. Musk has said he owns "a bunch" of DOGE, and he's been tweeting a lot about the token over the past few years. In 2021, he even called himself the "father of dogs" and mentioned the token while hosting Saturday Night Live. DOGE's value climbed during Musk's support for Trump's campaign, and then soared after Trump's victory and the official announcement of DOGE's leadership. DOGE hit its highest price in three years last week and sent the value of other well-known Meme coins soaring. Related reports Trump announced the appointment of Musk to lead the government efficiency department DOGE: dismantling the bureaucracy, Shiba Inu LOGO exposed Musk DOGE efficiency committee may cause the largest wave of layoffs in the history of the US government? Still want to abolish the Federal Reserve Fed? MUSK'S VOICE OUTFLOW: "I HAVE A LOT OF DOGEDOGE!" , SpaceX also has a lot of BTC This article "Musk and DOGE: What You Need to Know About Government Efficiency Departments" was first published in BlockTempo's "Dynamic Trends - The Most Influential Block Chain News Media".
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Musk and DOGE: What you need to know about government efficiency departments
SpaceX CEO Elon Musk and entrepreneur Ramasswamy will co-lead a U.S. government program called the Department of Government Efficiency (D.O.G.E) to drop the federal budget deficit. Elon Musk and DOGE: What You Need to Know About the Department of Government Efficiency by Liz Napolitano, compiled and contributed by Block Unicorn. MUSK DOGE PLANS TO SLASH 77 PERCENT OF U.S. CIVIL SERVANTS, WHY DOES HE HATE WASTE BUREAUCRATS SO MUCH? (Background added: 80 hours a week is not paid!) Musk Government Efficiency Department (DOGE) recruitment conditions exposed, online ridicule of super habitual boss) SpaceX CEO Elon Musk and entrepreneur Vivek Ramaswami will co-lead a new U.S. government program aimed at dropping the federal budget deficit. The initiative, called the Department of Government Efficiency (D.O.G.E), has the same acronym as Musk's favorite CryptocurrencyDOGE (Dogecoin). According to President-elect Donald Trump, the plan would "cut redundant regulation, reduce wasteful spending, and restructure federal agencies." However, some details of the project remain unclear. Here's everything we know about DOGE so far. What is DOGE? DOGE is an upcoming U.S. government initiative first mentioned by Elon Musk in a tweet last August. While the project initially seemed like a joke (it was built for the sake of being joking, and it's not surprising that DOGE's price goes up whenever Musk mentions it), Trump has expressed support for DOGE's initiative to cut government spending, suggesting that the once-fictional department will actually become a real-life U.S. government affiliate. "Musk and Vivek Ramasswamy will work together to pave the way for my administration to dismantle the bureaucracy, cut redundant regulation, reduce wasteful spending, and restructure federal agencies — critical to the Save America campaign," Trump said in a statement on Tuesday. Trump also noted that the project will continue "no later than July 4, 2026," the 250th anniversary of the Declaration of Independence. It is worth noting that according to the US congressional website, DOGE is not an official department of the US government in the traditional sense, because only Congress (not the president) can approve the creation of a new federal government department. Trump said Musk's Meme-related ideas would exist "outside the government system." This means that DOGE may not be supported by government funding. It also means that the project's ability to directly control the budgets of U.S. government agencies will be very limited, although DOGE's directives may be implemented through Trump's supporters in Congress. Who will manage DOGE? Billionaires Musk and Vivek Ramaswami will lead the government's efficiency ministry. According to Musk's Twitter post on Thursday, neither will be paid for the work. Musk, of course, is the CEO of TSL and SpaceX, as well as the owner of Twitter (now known as X). Ramasswamy, an entrepreneur and former Republican presidential candidate, dropped out of the race during the primaries in favor of Trump. According to an official post released by the department on Thursday, the plan is tentatively set to consist of "ultra-highly intelligent, supporters of the small-government revolution" who are willing to work more than 80 hours a week to cut disgraceful costs. Elon Musk tweeted this week that it was unclear how many employees would be hired to work on the project, but that those jobs would be unpaid. So far, neither Ramaswami nor Musk have immediately responded to Decrypt's request for comment. What will DOGE actually do? Trump said DOGE's role is to streamline the U.S. government by releasing reports that provide advice and guidance for cutting government regulation and spending. "Your money is wasted and the Ministry of Government Efficiency will solve this problem." We will no longer let the government pester you, no longer take money out of your wallets." Musk said at a Trump rally at Madison Square Garden in New York City in October. However, the billionaire leader of the quasi-department has given different views on the extent to which U.S. federal government spending should be cut. Musk has proposed cutting federal spending by $2 trillion, a third of the total U.S. federal budget. At the same time, Ramasswamy said he wants to cut the number of U.S. federal government employees by 75 percent, though the impact of such cuts on the budget is unclear. Despite these differences, based on recent public comments by Ramaswami and Musk, DOGE leaders seem to agree to lay off a large number of federal employees and several U.S. agencies, such as the Department of Education and the Federal Bureau of Investigation (FBI), in order to cut costs. Musk tweeted on Thursday: "The amount of government money wasted is beyond the public's imagination." He was referring to more than $6 trillion in US federal government spending in 2023. Musk also said that DOGE will hold a weekly live stream to share its progress. Why is it called DOGE? The virtual division's acronym DOGE seems to be a playful reference to DOGE (DOGE), a high-capitalization meme coin beloved by Elon Musk. That connection was reinforced by a T-shirt officially sold by Trump featuring President-elect Trump, Musk and a Shiba Inu. This internet memes, known for its Shiba Inu mascot, was invented in 2013 by a pair of software engineers. Musk has said he owns "a bunch" of DOGE, and he's been tweeting a lot about the token over the past few years. In 2021, he even called himself the "father of dogs" and mentioned the token while hosting Saturday Night Live. DOGE's value climbed during Musk's support for Trump's campaign, and then soared after Trump's victory and the official announcement of DOGE's leadership. DOGE hit its highest price in three years last week and sent the value of other well-known Meme coins soaring. Related reports Trump announced the appointment of Musk to lead the government efficiency department DOGE: dismantling the bureaucracy, Shiba Inu LOGO exposed Musk DOGE efficiency committee may cause the largest wave of layoffs in the history of the US government? Still want to abolish the Federal Reserve Fed? MUSK'S VOICE OUTFLOW: "I HAVE A LOT OF DOGEDOGE!" , SpaceX also has a lot of BTC This article "Musk and DOGE: What You Need to Know About Government Efficiency Departments" was first published in BlockTempo's "Dynamic Trends - The Most Influential Block Chain News Media".
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