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

President Donald Trump announced at a press conference in Miami on 2/20 that the government is actively promoting a balanced budget by increasing tariff revenue, reducing government waste, and accelerating the improvement of the US fiscal situation. He emphasized that through the reform of government efficiency departments, the US can not only save hundreds of billions of dollars but also potentially return some of the saved funds directly to the American people. Trump further stated that he immediately froze federal government personnel appointments, regulatory expansions, and foreign aid upon taking office, emphasizing that his policies are improving the US fiscal situation faster than any previous administration and there is even a chance to achieve budget balance within this year.

Tariffs have become a huge gold mine, and overseas companies will return to help the growth of the U.S. economy

Trump emphasized that his tariff policy is not just to increase revenue, but more importantly to encourage companies to choose to set up factories in the United States, creating jobs and economic growth. He pointed out that the United States has long been seen as the world's piggy bank, and many countries have profited from the United States with unfair trade policies. Now his government is reversing all of this.

Trump revealed that the growth rate of tariff revenue far exceeded expectations, and may even improve the US fiscal situation within this year. He said that many had predicted it would take 10, 15, or even 20 years to achieve fiscal balance, but now the government may achieve this goal in just a few months.

(Insists on 'realizing the will of the people through the president': How Musk uses government spending to combat inflation, economic growth)

The inflation problem is severe, and after taking office, the issues are being addressed decisively.

Trump said that when he returned to the White House in January of this year, he inherited a United States with an inflation rate four times higher than four years ago. He criticized the previous government's fiscal mismanagement, which led to a government deficit of 1.5 trillion dollars after 2020, worsening the country's finances. 'When I left office in 2020, the inflation rate was only 1.4%, but today, four years later, it has exceeded 6%,' Trump said, emphasizing that this situation cannot continue.

To address the issue, Trump stated that he would sign multiple emergency orders on his first day in office, including:

Federal government personnel freeze: no longer expand agencies.

Federal new regulations freeze: halt unnecessary executive orders.

Stop foreign aid: prioritize budget allocation for domestic needs.

Musk DOGE cuts government waste, saving 20% of funds to give back to the American people

Trump further emphasized the establishment of the Department of Government Efficiency (DOGE) to ensure government efficiency, and appointed Elon Musk (Tesla), the founder of Tesla, to be in charge. He praised Musk as a serious and extremely intelligent person, saying, 'Although he has some shortcomings, they are not many.'

Trump says DOGE is undergoing unprecedented government reform, exposing and cutting massive government waste, fraud, and abuse, saving taxpayers billions of dollars a day. He also reveals one of the plans currently being discussed about DOGE:

20% savings returned to the American people.

20% used to repay US national debt.

He said that such measures can not only improve the financial situation, but also directly benefit the American people. 'If this were a company's financial report, the U.S. debt would actually be insignificant. But we still have to pay it off, so that the U.S. fiscal situation can be more stable,' Trump said frankly.

Trump's reform accelerates, can the US economy recover quickly

The Trump administration has pushed a series of policies in just a few weeks to cut government waste, increase tariff revenue, and freeze unnecessary spending, with the goal of accelerating budget balance and seeing results in the coming months.

However, these reforms still face resistance from the Democratic Party, international trade partners, and some businesses. The strong alliance between Trump and Musk, can it help the United States get out of financial difficulties, the outside world is still observing.

(Musk DOGE praised by Trump! The Democratic Party and the media repeatedly criticized, and both warned: bankruptcy awaits the United States if it doesn't reform )

This article, Musk DOGE saves 20% of funds directly refunded to the American people, Trump accelerates fiscal reform and slows inflation first appeared in Chain News ABMedia.