Could Trump and his billionaire buddies turn America into an oligarchy? [MSNBC.com]
Exxon Mobil Corporation (XOM)
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Source: MSNBC.com
This is an adapted excerpt from theNov. 17episode of “.”In 1985, a young White House lawyer by the name ofJohn RobertsRoberts cautioned against allowing private-sector CEOs to oversee the very agencies that regulate their businesses,Critics argue that such steep cuts would devastate working- and middle-class Americans while leaving the wealthy untouched.In a move critics describe as the ultimate merger of the two, last week, President-electDonald TrumpDepartment of Government Efficiency.Now, I know that it has the word “department” in its title but it’s not an actual government agency — only Congress has the authority to create those. Instead, it’s more of a pet project of sorts for two billionaires who seem to get a kick out of trolling our democratic institutions.So what is the Department of Government Efficiency exactly?Well,Trump says it will serve$2 trillion from the federal budget,For context, the total amount ofdiscretionary spending in the federal budget is about $1.7 trillion
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