Cameron Winklevoss Emphasizes The Importance Of DOGE Initiative, Says It Could Reduce Inflation
US President-elect Donald Trump recently announced the creation of a new program called the Department of Government Effectiveness (DOGE), which will be led by Elon Musk and Vivek Ramaswamy. The ultimate goal is to streamline federal operations and cut massive government spending by at least $2 trillion, a goal that many budget experts say is unrealistic.
Vivek Ramaswamy has vowed to work with Elon Musk to reform the US bureaucracy under the newly formed Department of Government Effectiveness (DOGE). Ramaswamy pointed out that Musk didn’t bring a chisel; He brought a chainsaw. “We’re going to leave it to that bureaucracy,” the biotech CEO added. “This will be fun.”
“Modern Manhattan Project”
“We are bringing together the brightest minds in the country. It’s the modern equivalent of the Manhattan Project,” Ramaswamy explained. DOGE also announced recruitment efforts for X, seek “Ultra-intelligent, small-government revolutionary” willing to put in more than 80 hours a week to cut costs.
In his statement, Trump noted that he looks forward to Elon and Vivek reforming the federal bureaucracy with an eye on efficiency while making life better for all Americans. “They will work together to free our economy and hold the United States government accountable to ‘We the People,'” Trump said.
Cameron Winklevoss stresses importance of DOGE
Notably, Cameron Winklevoss highlighted the importance of DOGE on The X, saying “it goes far beyond reining in ridiculous government spending”. It will lead to lower inflation, a silent tax on all Americans that confiscates wealth, and is regressive, affecting low-income people the most.
Tyler Winklevoss criticized Gary Gensler in a recent X post amid speculation about his resignation, and no apology can undo the damage he has done to the crypto industry.
While Elon Musk admits achieving these savings may cause “temporary hardship,” he insists it will lead to long-term prosperity. Critics have warned that the governor-general could destabilize key government functions, but Ramaswamy insists the cuts are essential for innovation and cost control.
U.S. Optimism on Bitcoin
Cameron on another X postal He said that the current surge in Bitcoin prices is driven by optimism about the future, which has not been seen in the United States for a long time. “This is not some imaginary zero interest rate phenomenon, late stage growth hype, COVID stimulus or anything like that. This is real,” he said.
