"I thought Elon got caught up in other people's objectives, right? I mean, the people who work at the government-, fine, the government, I'm sure, could be 10% smaller, I'm sure it could be 15% smaller. Let the cabinet secretaries go in, study their place, and make the proper cuts, answered Lutnick. So he was hasty and overbearing? followed up Allen. Well, I wouldn't say hasty and overbearing."
"The Twitter, his Twitter example, where he was able to cut 80% of the people out, right? He thought that example worked for government. And my view was that the real money of government is the spending, and the waste, fraud, and abuse of government, replied Lutnick. I mean, think about this building."
"We, the Biden crowd before me, had sent $7.4 billion to some brand new, make believe not-for-profit to give out money, 7.4 billion should be wired out of the Department of Commerce to this thing called Natcast, which didn't exist, which was made up as some not-for-profit, staffed with all these Biden officials and then trying to get 7.4 billion out. That's what I call waste, fraud, and abuse. We ended it, we kept it in the government, but you know, that's how you make big money."
Elon Musk promoted Twitter-style, large-scale staff cuts as a model for government downsizing. Cabinet secretaries should evaluate departments and make measured staffing reductions rather than rapid mass layoffs. The greater fiscal problem lies in government spending and instances of waste, fraud, and abuse, which can involve large transfers of funds to poorly constituted entities. A $7.4 billion proposed transfer to a not-for-profit called Natcast lacked substance and was stopped, with funds retained in the Department of Commerce. Focus should remain on eliminating waste, fraud, and abuse and pursuing targeted staffing changes over time. Musk supported the 2024 presidential campaign and his relationship with the administration later unraveled.
Read at www.mediaite.com
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