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The Daily

Two Billionaires’ Big Plan to Shrink Government

The Daily

The New York Times

Daily News, News

4.4102.1K Ratings

🗓️ 4 December 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

Elon Musk and Vivek Ramaswamy have called the federal bureaucracy an “existential threat to our republic.” Now, President-elect Donald J. Trump is empowering them to drastically shrink it, by whatever means necessary. David A. Fahrenthold, an investigative reporter for The New York Times, discusses their plans — and what it would look like if they were actually carried out.

Transcript

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0:00.0

From the New York Times, I'm Sabrina Tavernisi, and this is The Daily.

0:11.4

Your money is being wasted, and the Department of Government of Divisancy is going to fix that.

0:18.4

Elon Musk and Vivek Ramaswamy have called the federal bureaucracy a, quote, existential threat to our republic.

0:26.1

We're going to get the government off your back and out of your pocket vote.

0:32.1

Now, President-elect Trump is empowering them to drastically shrink it, by whatever means necessary.

0:39.2

America is going to reach heights that it has never seen before.

0:43.0

The future is going to be amazing.

0:49.8

Today, my colleague David Farrenthold examines their plans and what it would look like if they actually carried them out.

1:00.7

It's Wednesday, December 4th.

1:07.0

So, David, you've been doing some reporting on plans by Elon Musk and Vivek Ramoswamy to cut government to the tune of $2 trillion.

1:16.7

You're trying to understand exactly what this effort is and how it would work.

1:21.1

Tell me what you're finding.

1:22.6

Well, we're talking about this thing called the Department of Government Efficiency.

1:26.1

Those of you who are on the internet may

1:27.8

know that that's a meme. It's named after a funny dog meme that Elon Musk likes.

1:32.5

And a cryptocurrency, apparently. And a cryptocurrency that's named after the funny dog meme.

1:36.3

Now, there's no thing in the government called the Department of Government Efficiency. But it is

1:39.8

something that President Trump has pledged to set up once he takes office. And what they're talking about

1:45.2

is kind of a hybrid setup where there would be people outside the government, Vivekramaswami

1:50.4

and Elon Musk, these sort of advisors on the outside, taking no government salary, holding no

1:55.7

government position. And then a bunch of folks on the inside, people who actually would work for

2:00.7

the government, Musk has described them as sort of committed, the inside, people who actually would work for the government,

...

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