Elon Musk and businessman Vivek Ramaswamy have unveiled an ambitious plan to reform the US federal administration, aimed at cutting government spending and cutting red tape. In an article for The Wall Street Journal, they stress that the country's current financial policies pose an "existential threat" for democracy and requires immediate and decisive action, as quoted by Focus.
Main elements of the plan
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Federal Downsizing: Reduction in the number of government employees consistent with the repeal of unnecessary laws and regulations.
- Overhauling federal regulations: Musk and Ramaswamy argue that many of the current laws exceed powers granted by Congress and create unnecessary obstacles for citizens and businesses.
- Reorientation of redundant employees: Support is provided for civil servants who will move to work in the private sector, ensuring that they are treated with respect.
- Cut funding to state media and international organizations: Limit subsidies to these institutions to free up resources for more effective priorities.
Political support and prospects
The initiative is backed by US President-elect Donald Trump, who has appointed Musk and Ramaswamy to head the special foreign office for government efficiency. The project aims to be completed by 2026, the 250th anniversary of the signing of the Declaration of Independence.
Despite the expected resistance from the political elite in Washington, entrepreneurs express confidence in the success of the reforms they define as key to the future of American democracy.