Insist on "realizing public opinion through the president": How Musk uses the bottle festival government expenditure to fight inflation and economic growth

The recent actions of the US Department of Efficiency led by Tesla's founder Musk have sparked mixed reactions. On 2/18, President Trump firmly stated in an interview that his goal is to "implement the will of the people through the presidency." Musk believes that reducing the deficit will bring economic growth to the United States and will not exacerbate inflation. Looking back at his recent meeting with Trump at the White House, his confidence in improving government inefficiencies with DOGE seems very strong.

Musk stated that DOGE has exposed the whereabouts of tens of billions of taxpayers' funds, which are unclear and may even involve corruption and fraud. Bureaucratic institutions within the government have more power than elected officials, but have failed to effectively manage the national finances, leading to serious fiscal deficits and a national debt crisis in the United States.

The U.S. budget deficit has reached $2 trillion, and the risk of bankruptcy is imminent

Elon Musk warned that the current fiscal deficit in the United States has reached 2 trillion US dollars. If not controlled, the country will face bankruptcy. He pointed out that the annual expenditure on interest payments of national debt alone has exceeded the budget of the Department of Defense, a shocking phenomenon. Musk emphasized that reducing federal spending is not optional but a necessary action to ensure the sustainability of the national finances, and to truly benefit the taxpayers, rather than filling the loopholes of a corrupt and inefficient bureaucratic system.

Can reducing the deficit and promoting economic growth end inflation?

Musk believes that reducing government borrowing and spending would help lower the inflation rate in 2025-2026, and may even eliminate it altogether. He pointed out that when the government no longer borrows on a large scale, national interest payments will decrease, affecting the interest rates on mortgages, car loans, credit card debt, and student loans, reducing monthly payments for Americans and easing financial pressure.

"Imagine walking into a supermarket and finding that prices are the same as last year, while your mortgage and other loan payments have decreased. How wonderful would that be for the average American!" Musk emphasized that this is an ideal economic situation that the government should strive towards.

Government officials mysteriously get rich? The whereabouts of tens of millions of dollars in funds are unknown

Elon Musk's team found that some officials in certain US government agencies, despite having salaries of only a few hundred thousand dollars, were able to increase their net worth to tens of millions of dollars in a short period of time. He specifically named the United States Agency for International Development (USAID), questioning how certain officials accumulated such a huge amount of wealth. He jokingly remarked, 'If they are really investment experts, maybe we should learn investment strategies from them.' However, he tends to believe that this wealth comes from taxpayers' money rather than legitimate investment returns.

The Ministry of Finance has serious payment vulnerabilities, akin to "issuing blank checks".

Elon Musk further revealed that there are serious flaws in the Treasury Department's payment management system. For example:

Missing Payment Category Code: Many payments do not have any category codes, leading to untraceable fund flows.

Payment instructions blank: Many payment 'notes' are completely blank, and the purpose of the payment cannot be known.

The 'Prohibited Payment List' is a mere formality: even if certain organizations are included in the 'Prohibited Payment List', the Ministry of Finance still pays as usual.

What's even more surprising is that some institutions involved in terrorist organizations or fraudulent activities may take up to a year to be included in the 'prohibited payment list', and even if they are listed, the government may still continue to make payments. Musk criticized this practice as 'utterly absurd' and called for immediate action to increase financial transparency.

Social Security Payment Vulnerability: 150-year-olds Still Receiving Benefits?

When Musk's team reviewed Social Security spending, they found some ridiculous issues. For example, the system showed that there were beneficiaries who were 150 years old still receiving Social Security! He joked, 'If there really are 150-year-old people, they should be in the Guinness World Records, not quietly collecting Social Security benefits.' In addition, there are a large number of Social Security payments without any identity information, leading to rampant fraud.

The Federal Retirement System still relies on paper-based management from the 1950s.

Elon Musk further revealed that the retirement system of the United States federal government still relies on paper documents for processing, even storing these retirement documents in an old limestone mine. Due to all retirement procedures requiring manual calculations and paper filing, at most only 10,000 retirement applications can be processed each month. Surprisingly, the elevator speed inside the mine is the biggest factor affecting processing speed!

He stated that this outdated practice not only wastes human resources but also greatly reduces the government's administrative efficiency. He believes that government employees engaged in inefficient work should be transferred to more productive positions to enhance the overall economic performance of the United States.

Government waste is staggering, possibly involving trillions of dollars in fraud and abuse

Former President Trump also stated in the discussion that the current government's financial management loopholes have led to hundreds of billions of dollars in fraud and misuse of funds, with the final amount possibly approaching 1 trillion dollars. For example, a hotel received $59 million in government payments for hosting illegal immigrants, including room rates far above market prices, illustrating serious problems in government financial management.

In addition, Trump emphasized that some government payments "automatically renew", even if the contract has long expired, payments continue for decades. He believes that this may not only be incompetence, but may also involve corruption and "kickback transactions".

Resistance from Congress and the courts: Will the reform be smoothly promoted?

When asked whether Congress needs to approve these fiscal reforms, Trump said he believes Congress will support these measures because these reforms are in line with public opinion. However, he also mentioned that some judges may try to obstruct government investigations into these fraudulent activities to protect vested interests.

Musk added that his team is working hard to increase government financial transparency, and all reform measures will be publicly announced for the public to supervise. He emphasized, "The foundation of trust is transparency, not just promises."

Government reform is imperative, and financial management needs thorough innovation

The revelations about Musk and Trump expose serious financial management issues within the US government. Whether it's the improper use of international aid funds, payment loopholes in the Treasury Department, or the inefficient operation of the federal retirement system, it all indicates the need for comprehensive reform of government agencies.

Musk has stated that by enhancing government management capabilities and accountability, the United States may potentially reduce its $2 trillion fiscal deficit to $1 trillion within a year, promote economic growth by reducing unnecessary regulations, and consequently lower inflation and interest rates. He emphasized that this not only relates to government fiscal health, but also directly impacts the quality of life for every American.

With the advancement of reform, it remains to be seen whether the future fiscal management of the US government can truly achieve transparency and effectively solve the fiscal deficit problem.

This article insists on "realizing the will of the people through the president": how Musk uses bottle festival government spending to fight inflation and economic growth first appeared on Chain News ABMedia.