Musk DOGE saves 20% of funds directly back to the American people, Trump accelerates fiscal reform and slows inflation

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ABMedia
02-20
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Here is the English translation of the text, with the specified terms preserved: The President of the United States, Donald Trump, stated at a press conference in Miami, USA on 2/20 that the government is actively promoting a balanced budget and accelerating the improvement of the US fiscal situation through increased tariff revenue and reduced government waste. He emphasized that through the reform of the Government Efficiency Department (DOGE), the US can not only save hundreds of billions of dollars, but may also directly refund part of the savings to the American people. Trump further said that he immediately froze federal government hiring, new regulations, and foreign aid after taking office, stressing that his policies are improving the US fiscal situation faster than any previous administration, and there is even a chance to achieve a balanced budget within this year.

Tariffs Become a Big Treasury, Overseas Enterprises Will Return to Help the US Economy Grow

Trump emphasized that his tariff policy is not only to increase revenue, but more importantly to make companies choose to set up factories in the US, creating jobs and economic growth. He pointed out that the US has long been used as the world's big treasury, and many countries have profited from unfair trade policies from the US, and now his government is reversing this. Trump revealed that the growth rate of tariff revenue has far exceeded expectations, and it may even allow the US fiscal situation to improve within this year. He said that many people had predicted it would take 10 years, 15 years, or even 20 years to achieve fiscal balance, but now the government may complete this goal in just a few months.

Severe Inflation Problem, Resolving the Problem with a Broad Sword After Taking Office

Trump said that when he returned to the White House this January, he inherited a US with an inflation rate four times higher than four years ago. He criticized the poor fiscal management of the previous administration, which led to $1.5 trillion in government overspending since 2020, causing the deterioration of national finances. "When I left office in 2020, the inflation rate was only 1.4%, but today, four years later, it has exceeded 6%." Trump stated that this situation cannot continue. To solve the problem, Trump said he signed multiple emergency orders on his first day in office, including: - Federal government personnel freeze: No more agency expansion. - Freeze on new federal regulations: Stop unnecessary executive orders. - Halt foreign aid: Prioritize budgeting for domestic needs.

Musk's DOGE Reduces Government Waste, 20% of Savings Refunded to the American People

Trump further emphasized that to ensure government efficiency, he established the Government Efficiency Department (DOGE) and appointed Tesla founder Elon Musk to be in charge. He praised Musk as a serious and highly intelligent person, and said: "Although he also has some flaws, but not many." Trump stated that DOGE is carrying out unprecedented government reforms, exposing and reducing massive government waste, fraud, and resource abuse, saving tens of billions of dollars for taxpayers every day. He also revealed that one of the plans currently being discussed by DOGE is: - 20% of the savings will be refunded to the American people. - 20% will be used to pay off the US national debt. He said that this measure can not only improve the fiscal situation, but also directly benefit the American people. "If this were a corporate financial report, the US debt would actually be negligible. But we still have to pay it off so that the US fiscal situation can be more stable," Trump said directly.

Trump's Reforms Accelerate, Can the US Fiscal Situation Recover Quickly

The Trump administration has pushed a series of policies to reduce government waste, increase tariff revenue, and freeze unnecessary spending within a few weeks, with the goal of accelerating the balancing of the budget and seeing results in the coming months. However, these reforms still face resistance from the Democratic Party, international trade partners, and some businesses. Whether Musk's DOGE and Trump's strong partnership can help the US get out of the fiscal dilemma is still being observed by the outside world.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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