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Not necessarily

CN
0xTodd🦇🔊
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1 year ago
AI summarizes in 5 seconds.

Not necessarily.

Although Musk drastically reduced 80% of Twitter's employees after privatizing the platform, this was because the main cost for Twitter was in personnel salaries.

However, the federal budget is just too damn large, with the fiscal budget for the 2024 fiscal year reaching $6.7 trillion (China's is about $3 trillion).

The various expenditures of the U.S. federal government for the 2024 fiscal year are referenced in the image below.

Data source: U.S. Department of the Treasury fiscaldata

In this, personnel salaries only account for a small portion; even if all White House staff were laid off, it wouldn't achieve Musk's previous goal of "cutting $2 trillion."

So, it still requires tackling the hard issues:

For example, social security (especially concerning illegal immigrants, I estimate), healthcare, and military spending (ceasefires everywhere), to have a direct effect.

Directly controlling these powers, the future DOGE department will have considerable authority.

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