Elon Musk Is Getting Huge New Government Deals While Everything Else Is Getting Slashed [View all]
Source: Futurism
Failson Number One
May 2, 3:23 PM EDT by Victor Tangermann
Elon Musk Is Getting Huge New Government Deals While Everything Else Is Getting Slashed
President Donald Trump announced his proposed budget today, calling for roughly $163 billion in cuts to non-defense-related funds.
Among the cuts, which would kick in for the year starting in October if approved by Congress, are major health cutbacks, slashing the Centers for Disease Control Centers' budget in more than half, "streamlining" financial assistance to high-poverty schools, and cuts to federal safety net programs.
Instead of touching the Pentagon's enormous military expenditures, though, Trump is considering increasing the Department of Defense's budget to a whopping $1.01 trillion, up 13 percent year over year.
Unsurprisingly, one of Trump's closest allies, billionaire Elon Musk, will get by largely scot-free. The richest man in the world, who has personally contributed to the gutting of agencies with the help of his so-called Department of Government Efficiency, will more than likely continue to benefit from cushy government contracts awarded to his businesses.
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Read more: https://futurism.com/elon-musk-government-deals-trump-budget-slashed