(Refiling to correct spelling of Senator Tillis' first name to
"Thom" instead of "Tom" in paragraph 7)
*
Musk, Ramaswamy calling for dramatic changes to government
*
Republicans eager to cut spending but have struggled to do
so
recently
By Andy Sullivan
WASHINGTON, Dec 5 - Billionaire Elon Musk and former
presidential candidate Vivek Ramaswamy met on Thursday with
Republican lawmakers whose support they will need to win the
sweeping spending cuts that President-elect Donald Trump has
asked them to find.
The two entrepreneurs have been named by Trump to a task
force that aims for a sweeping overhaul of the U.S. government,
which spent $6.8 trillion in the most recent fiscal year. Musk
has set a target of $2 trillion in savings, though he has not
said whether that would come in a single year or over a longer
period. The two chairs of the "Department of Government
Efficiency" have called for firing thousands of federal workers,
slashing regulations and eliminating programs whose
authorization has expired, such as veterans' healthcare.
That could be easier said than done. Any changes to
veterans' benefits or other popular programs that serve millions
of Americans would likely encounter fierce blowback, and efforts
to thin the workforce could disrupt everything from law
enforcement to air traffic control.
Musk, clutching the hand of a small child, rushed down the
corridors of the Capitol near the Senate chamber while
surrounded by police, reporters and photographers.
After being peppered with questions about whether he would
support cuts to entitlement programs like Medicare and Medicaid
and cuts to defense, Musk finally replied: "I think we just need
to make sure we spend the public's money well."
Asked about getting rid of electric vehicle tax credits,
Musk said: "I think we should get rid of all credits."
Ramaswamay met separately with a group of Senate Republicans
including Thom Tillis, who said he believed there were "tens of
billions of dollars" in spending that could be quickly clawed
back.
As co-chairs of the efficiency task force, Musk, the
billionaire CEO of Tesla and SpaceX, and Ramaswamy, a
former biotech executive, would likely have to work with
Congress to secure significant reductions.
Republicans will control both chambers of Congress and the
White House next year, but they may struggle to win significant
reductions. While lawmakers sign off on roughly $1.7 trillion in
defense and domestic programs each year, most federal spending
consists of health, pension and other benefit programs that lie
outside of the annual budget process. Lawmakers have no control
over interest payments, which are projected to top $1 trillion
in this fiscal year.
Republican lawmakers have said they are eager to cooperate.
Representative Marjorie Taylor Greene, a hard-right firebrand,
will chair a House of Representatives panel to work with Musk
and Ramaswamy, and Senate lawmakers have also expressed openness
to the idea. Republicans secured limited spending cuts in a 2023
showdown with Democratic President Joe Biden but have been
unable to agree on further reductions since then.
Trump has broken with conservative orthodoxy by saying he
will not cut benefits for the Social Security pension plan or
the Medicare health plan for seniors, which together account for
more than one-third of federal spending.
Trump also showed little interest in spending cuts during
his first 2017-2021 term in office, when federal expenditures
grew from $4 trillion to $6.2 trillion. Congress did not act on
his proposal to eliminate more than a dozen small government
agencies and failed to repeal Democratic President Barack
Obama's signature Affordable Care Act, a central goal of the
party.
Ramaswamy said on Wednesday that the Trump administration
should first try to find savings by reducing waste, fraud and
abuse in benefit programs like Social Security before asking
lawmakers to consider more difficult reforms.
"We're taking on a very big problem here and we're going
into it with an appropriate level of humility," he said at the
Aspen Security Forum in Washington.