TSX:AX.PR.E - Post by User
Post by
garyreinson Nov 22, 2024 9:08pm
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Post# 36327093
TOUGH LOVE FROM ELON
TOUGH LOVE FROM ELON"
Billionaires Elon Musk and Vivek Ramaswamy, co-heads of the upcoming Trump administration’s Department of Government Efficiency commission, also known as “DOGE”, have vowed to slash federal spending by “at least $2 trillion,” Musk suggested last month at a Trump rally—targeting agencies like the Pentagon and the Education Department—though it’s unclear how he arrived at that figure.
. They also expect and welcome “a wave of voluntary terminations,” they wrote, after suggesting that they intend on imposing a return-to-office policy that would require federal employees to head in five days a week. “DOGE’s goal is to help support their transition into the private sector” through severance payments and “incentives for early retirement,” they wrote. Musk suggested in October that laid-off workers could get up to two years’ pay in severance."
IF THIS INITIAITVE IS ACTUALLY SERIOUS AND GAINS TRACTION, IT SHOULD BE DEFLATIONARY AS WELL AS HELP THE 33T DEBT SITUATION