Advised by Elon Musk and John Paulson, Donald Trump would focus on cutting federal spending

John Paulson, who is considering serving as Secretary of the Treasury during a hypothetical second stage of Donald Trump’s presidency, anticipated that one of the Republican politician’s objectives is to cut federal spending. and to achieve this he would seek advice from Elon Musk.

During an interview with the newspaper The Wall Street Journal, he millionaire New York investor announced which areas could be whose budget would be affected.

“All these tax subsidies for solar and wind energy, inefficient and uneconomic energy sources. Eliminate them. “That would reduce spending,” he said.

Paulson’s statement comes days after, without offering details on how it would be possible, South African Elon Musk shared his vision of cutting the government budget by “at least $2 trillion.”

Under this approach, both the hedge fund expert and the visionary founder of Tesla would be the ones Trump would rely on to fulfill one of his great campaign promises.

In addition to this, John Paulson acknowledged being in favor of extending the tax cuts that are about to expire and that were enacted through the tax law that Donald Trump launched in 2017.

And it is that, At multiple campaign events, the New York magnate has complained about the large amount of money wasted in support of projects promoted by Democrats. such as renewable energies, since it considers it more appropriate to concentrate on capitalizing on the country’s natural resources such as hydrocarbons.

In addition, Trump is also in favor of reducing the number of bureaucrats, He maintains that government agencies can be optimized by eliminating personnel.

Hence his interest in putting into practice some of the ideas developed by Elon Musk in his companies, where the support of technology has replaced the work done by people, especially in tasks considered repetitive.

With respect to John Paulson, the former president is aware of how the skillful investment fund negotiator knows perfectly well which lines of business are where short-term benefits can be obtained and this idea wants to exploit it on a large scale by launching projects aimed at to lift the US economy out of the lethargy caused by inflation.

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