Fox News anchor Maria Bartiromo questioned Treasury Secretary Bessent regarding potential negative effects of job cuts from the Trump-Musk efficiency initiative on economic growth. Recent polls reveal rising anxiety among Trump supporters about the initiative, while President Trump continues to support Musk. In a Fox News interview, Bessent argued that cutting a bloated government would ultimately reduce spending and invigorate the private sector, claiming too much government employment has hampered job growth. The focus remains on balancing government efficiency with economic stability and growth.
"If we have a bloated government and if that gets cut down, then government spending will go down. We have seen this orgiastic government spending with the past administration."
"As the government employee employment comes down, private sector will not be crowded out anymore. This shift will significantly impact job creation and overall economic growth."
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