Summary

The “Department of Government Efficiency” won’t be a real government agency. In fact, it won’t even be part of the federal government.

Led by Elon Musk and Vivek Ramaswamy, the advisory commission aims to cut $2 trillion in spending, reduce regulations, and downsize the federal workforce.

Critics question its effectiveness, given its outsider status, potential conflicts of interest with Musk’s businesses, and Ramaswamy’s focus on mass layoffs and agency eliminations.

While some praise its potential for reforms, others warn it may undermine civil service and prioritize “slash-and-burn” cuts over thoughtful changes.

  • dhork@lemmy.world
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    7 days ago

    Hey it’s not just a meme, it’s DeCeNtRaliZeD fInAnCe. I bought some DOGE as a joke several years ago, now it is worth real money. I sold some the last time it was at $0.69, because of course I did.

    I have some left, the price is currently $0.36 but maybe Elon can meme it up to $4.20 and I can retire early.