Musk and Ramaswamy's focus on small, attention-grabbing proposals like cutting foreign aid raises concerns about their commitment to addressing the growing national debt. Critics argue that their efforts are more focused on helping their allies than on achieving meaningful fiscal responsibility.
According to a United Nations estimate, all eyes are on Elon Musk and Vivek Ramaswamy, co-chiefs of the “Department of Government Efficiency” (DOGE), a social media account rather than a federal entity, to see what areas they'll focus on for potential government savings. However, Musk's proposals, like cutting foreign aid, seem to be small and attention-grabbing with little impact on the federal budget deficit. Rep. Jim McGovern (D-Mass.
) believes they are not serious about controlling the deficit, but rather about helping those who can help them. The U.S. government debt has reached nearly unprecedented levels, raising fears of a financial crisis or hindering economic growth. The federal debt held by investors was 99% of the U.S. economy in 2024 and projected to hit 122% by 2034. Despite the high interest rates and steady growth following the COVID-19 pandemic, which should be ideal for cutting spending, President-elect Donald Trump plans to extend and expand tax cuts for the wealthy and corporations, further increasing the deficit and risking inflation
DEFICIT GOVERNMENT ECONOMY DEBT TAX CUTS
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Postal union says it sent new proposals to mediator as strike nears three weeksOTTAWA — The Canadian Union of Postal Workers says it's sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the three-week mark.
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Postal union says it sent new proposals to mediator as strike nears three weeksOTTAWA — The Canadian Union of Postal Workers says it's sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the three-week mark.
Read more »
Postal union says it sent new proposals to mediator as strike nears three weeksOTTAWA — The Canadian Union of Postal Workers says it's sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the three-week mark.
Read more »
Postal union says it sent new proposals to mediator as strike nears three weeksOTTAWA — The Canadian Union of Postal Workers says it's sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the three-week mark.
Read more »
Postal union says it sent new proposals to mediator as strike nears three weeksOTTAWA — The Canadian Union of Postal Workers says it's sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the three-week mark.
Read more »
Postal union says it sent new proposals to mediator as strike nears three weeksOTTAWA — The Canadian Union of Postal Workers says it's sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the three-week mark.
Read more »