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DOGE: What Can Musk's Department of Government Efficiency Actually Do?

Market VisionThursday, Nov 14, 2024 3:32 am ET
1min read

U.S. President-elect Donald Trump plans to streamline the federal bureaucracy and may eliminate at least one federal department. To achieve this, he is establishing the Department of Government Efficiency (DOGE), a name conceived by billionaire Elon Musk in homage to the digital.

So far, no more information about this new department has been revealed. But based on Bloomberg's assumptions and analysis, the general picture of the department may become a lot clearer, and here is a distillation of the key functions and information about the DOGE.




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FutureZ
11/14

Tell ag sec or who ever he wants to put the skumbags on walstreet in prison.

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User avatar and name identifying the post author
11/14

Get rid of welfar  and we in business

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User avatar and name identifying the post author
11/14
@

Welfare  

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MysteryMan526
11/14
Efficiency in government? That's like trying to hermitize a butterfly. Good intention, but the system's too complex. We'll see...
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freekittykitty
11/14
Yes! This is exactly the kind of out-of-the-box thinking we need in Washington! Kudos to Elon and the Trump team!
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alvisanovari
11/14
'Department of Government Efficiency'... or 'DOGE': because what could possibly go wrong with a name like that?
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lem_lel
11/14
As someone who's worked in gov't efficiency for years, I worry this is just a PR stunt. Hope they actually follow through on promised reforms...
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joe4942
11/14
Not holding my breath. We've heard 'efficiency' promises before. Waiting for actual tangible changes before celebrating.
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deevee12
11/14
Interesting move by Trump, tapping into Musk's vision for governance. Will be watching to see if this translates to actual policy changes.
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Defiant-Tomatillo851
11/14
Streamlining the bureaucracy, eh? Music to my ears! Trump's on the right track here. Bring on the DOGE!
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LabDaddy59
11/14
Let's focus on the goal of making the government more efficient! If DOGE can deliver on that, I'm all for it. It's time for a change from the status quo
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Didntlikedefaultname
11/14
Just when I thought my Dogecoin was going up in smoke. Now Musk's involved, anything is possible... including a wild rally?
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Rockoalol
11/14
This is a clear play to attract tech savvy voters and align with Elon's eco-system. Not sure how much actual substance is behind the announcement
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AGailJones
11/14
Loving the innovation, guys! Having Elon's brain behind this is pure genius. Can't wait to see the impact!
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SnowShoe86
11/14
Eliminating departments and streamlining bureaucracy sounds good on paper, but let's see how it plays out. Not holding my breath for a miracle.
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BoomsRoom
11/14
Can't wait to see the impact DOGE will have on reducing bureaucracy! It's about time we modernized our government processes.
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