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Will Trump's request for Musk to establish the 'DOGE Government Efficiency Commission' really change the inefficient operation and save expenses of the US government?
Macquarie, Australia's largest bank, recently stated in a report that even if Trump takes office, it may be difficult to change the efficiency issues of the US government because Trump lacks control over state and local governments. (Brief background: Trump's victory is a big positive! Dow futures surged over 1,100 points, Tesla pre-market big pump over 12%) (Background: Trump's full speech after winning the election: I love Musk, he is a superstar, making America great again) The US presidential election ended quickly after Republican candidate Trump won more than 270 electoral votes. At the same time as Trump's victory, there was also good news for the Republican Party in the US Senate. Not only did the incumbent senators successfully win re-election, they also defeated the Democratic Party, occupying the majority of seats in the Senate for the first time in four years, ensuring that the Trump administration will control at least one house of Congress next year. Trump plans to establish a Government Efficiency Commission. It is worth noting that in September of this year, Trump announced during a speech at the New York Economic Club that if he wins the election, he will establish a Government Efficiency Commission and it will be led by Tesla founder Musk: According to Musk's suggestion, he has given me full support...I will establish a Government Efficiency Commission to conduct a comprehensive financial and performance audit of the entire federal government and propose recommendations for thorough reform. As a top priority, the commission will develop an action plan to completely eliminate fraud and improper payments within six months, which will save trillions of dollars. Can the Trump administration change the inefficiency and cumbersome procedures? We know that the complexity and tediousness of government procedures have always been seen by Republicans as a target to attack the Biden administration. Now that Trump has won and the Government Efficiency Commission he proposed, as well as the Republican Party's control of the Senate, can it change the inefficient operation of the US government? In this regard, Macquarie, Australia's largest bank, recently stated in a report that even if Trump takes office, it may be difficult to change the efficiency of the US government: Although Trump may be able to reduce the cumbersome procedures at the federal level, his control over state governments is limited, and the benefits of deregulation may be offset by higher immigration, trade, and geopolitical risks. At the same time, Macquarie emphasizes that the efficiency problem of the US government is not due to the large number of personnel. Macquarie points out that although the US population has increased significantly, the number of federal civilian employees has remained around 2.9 million since the 1980s, and the number of federal employees per thousand people has decreased from 12.5 to 8.5. In addition, Macquarie stated regarding Musk's proposal to reduce federal spending: The scale of US government spending is relatively small, accounting for about 38% of GDP, while this proportion in other countries is between 45% and 55%. Therefore, Macquarie believes that the main problem of government efficiency lies at the state and local government level, where Trump may be powerless. Related reports: Polymarket's accurate prediction! Trump's election probability has been leading, presidential election betting exceeds $3.6 billion. Trump's victory speech! 277 votes have surpassed the threshold, but BTCLong Wick Candle at $73,000 is set to reverse? Explainer: What is the US electoral college? Trump wins Pennsylvania and Michigan to win the election. This article was originally published on BlockTempo, the most influential blockchain news media in the dynamic area.