Department of Government Efficiency project set to be led by Elon Musk and Vivek Ramaswamy

The transcript discusses the creation of the Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy. Although not in formal government roles, they will advise on a plan to cut one-third of government spending. Musk acknowledges potential short-term economic harm.

What is the name of the new initiative mentioned in the video?

• Public Sector Reform Program

• Government Spending Reduction Plan

• Department of Government Efficiency

• Economic Growth Initiative

Who are the two prominent figures leading the new initiative?

• Larry Page and Sergey Brin

• Bill Gates and Warren Buffet

• Elon Musk and Vivek Ramaswamy

• Jeff Bezos and Mark Zuckerberg

What role will Elon Musk and Vivek Ramaswamy play in the initiative?

• They will be cabinet members

• They will formally join the government

• They will provide advisory support

• They will lead a new political party

What is the proposed reduction in government spending?

• 1/5 of all spending

• 1/3 of all spending

• 1/4 of all spending

• 1/2 of all spending

What is the expected short-term impact of the spending cuts on the US economy?

• It will boost economic growth

• It will have no impact

• It will hurt the economy

• It will stabilize the economy