Opinion: Trump has to be bold with spending cuts. Elon Musk can help.
One of the ideas I liked the most from Donald Trump on the campaign trail was his proposal to harness the expertise and gift for innovation of billionaire businessman Elon Musk if he were to get elected.
It looks like Trump will follow through on his promise to have Musk, who leads Tesla and SpaceX and owns X (formerly Twitter), find ways to make government more efficient. (I know – “government” and “efficient” aren’t usually in the same sentence together.)
In a decisive victory, the American people have given Trump a mandate to get inflation under control. And one of the best ways he could do that is to reduce excessive government spending and out-of-control budget deficits – something the Biden-Harris administration refused to do.
The federal government has grown to enormous proportions, with ever burgeoning numbers of agencies and regulations that stifle innovation and cost taxpayers absurd amounts of money.
Trump has acknowledged the country’s $36 trillion debt, which was about $27 trillion when he left office in 2021. The interest alone on the national debt now costs more than what the country spends on defense and Medicare.
Trump also added $8 trillion to the debt, but........
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