January 23, 2025

TIME: Warren's Plan for Musk to Cut U.S. Spending

If Elon Musk is serious about cutting government waste, fraud, and abuse, he may find help in an unusual place: Elizabeth Warren.

While many Democrats in Congress want nothing to do with the billionaire who spent a fortune to help elect Donald Trump, the Massachusetts Senator says she wants to find common ground with Musk in his new role leading the White House's Department of Government Efficiency (DOGE). In a letter she sent him Thursday morning, Warren proposed 30 recommendations for eliminating $2 trillion in federal spending over the next decade, according to a copy of the letter obtained by TIME. The list includes several of the progressive icon’s long-held policy fixations: renegotiating Department of Defense (DOD) contracts that independent analysts have found waste billions each year; reforming the Medicare Advantage insurance program and allowing Medicare to negotiate lower costs of prescription drugs; and closing tax loopholes for corporations and the wealthiest earners.

It’s not clear how Musk will respond—but he’s in need of suggestions. Earlier this month, he walked back his pledge of finding $2 trillion in federal savings. That may be due to political constraints. Because Trump vowed on the campaign trail not to touch Medicare and Social Security, and Republicans refuse to cut military spending, DOGE will have to find less conventional ideas to fulfill Musk’s budget-slashing fantasy. 

For years, Democrats and Republicans alike have wanted to curb wasteful government spending. While much of Washington recoils at Trump’s disruptive, norm-shattering second-term agenda, some see an opportunity for strange bedfellows to emerge. “In the interest of taking aggressive, bipartisan action to ensure sustainable spending, protect taxpayer dollars, curb abusive practices by giant corporations, and improve middle-class Americans’ quality of life,” Warren writes to Musk, “I would be happy to work with you on these matters.”

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Read the full article here.


By:  Eric Cortellessa
Source: TIME