Elon Musk and Vivek Ramaswamy have their work cut out for them.
The pair is heading up the meme-worthy Department of Government Efficiency (DOGE), part of President-elect Donald Trump’s effort to slash the federal bureaucracy and runaway spending.
Both entrepreneurs have said they’ll take an aggressive approach with the project, and there is no shortage of places they could start.
The government spends $6.75 trillion a year. Already this year, federal spending has increased by $114 billion. Within that massive amount is a seemingly never-ending list of eyebrow-raising expenditures.
Around $900 billion in wasted taxpayer dollars were counted last year in Senator Rand Paul’s (R-KY) “Festivus Report,” his annual tally of government waste that highlights glaring and often humorous examples.
Among the bigger expenses, in fiscal year 2023, the Treasury spent $659 billion on just the interest on the national debt, much of that borrowed from China, the report noted.
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