Elon Musk and Vivek Ramaswamy have laid out their vision for the newly formed Department of Government Efficiency (DOGE).

According to a new WSJ op-ed, the pair writes that "Our nation was founded on the basic idea that the people we elect run the government. That isn’t how America functions today. Most legal edicts aren’t laws enacted by Congress but “rules and regulations” promulgated by unelected bureaucrats—tens of thousands of them each year."

They call government bloat "antidemocratic and antithetical to the Founders' vision,' as it "imposes massive direct and indirect costs on taxpayers."

President Trump has asked the two of us to lead a newly formed Department of Government Efficiency, or DOGE, to cut the federal government down to size. The entrenched and ever-growing bureaucracy represents an existential threat to our republic, and politicians have abetted it for too long. That’s why we’re doing things differently. We are entrepreneurs, not politicians. We will serve as outside volunteers, not federal officials or employees. Unlike government commissions or advisory committees, we won’t just write reports or cut ribbons. We’ll cut costs.

As the Epoch Times notes, the urgency for downsizing the federal government is due to the ballooning costs of paying interest on our ginormous national debt. I and others have been writing about the debt problem for decades, but now the national debt has reached a critical stage. According to usdebtclock.org, the federal debt passed $36 trillion last week.

There is nothing inherently significant about the number $36 trillion, but as you can see from the accompanying chart published by the Federal Reserve Bank of St. Louis, the annual cost of the federal debt has exploded from under $600 billion in 2020 to over $1 trillion now.

Here's the plan:

The most immediate and significant action DOGE will take is targeting the tens of thousands of regulations imposed by federal agencies, many of which exceed the constitutional authority granted to these agencies.

Alongside regulatory rescissions, a drastic reduction in the size of the federal bureaucracy will be necessary. DOGE will target specific reforms to reduce the number of federal employees, streamline agency operations, and focus government efforts on its core constitutional responsibilities.

Beyond reducing the size of government and eliminating unnecessary regulations, DOGE will focus on eliminating wasteful spending and ensuring that taxpayer dollars are used efficiently.

With a mandate for change and a supportive legal framework, DOGE has the opportunity to make meaningful strides in reducing the size and scope of the federal government. Through regulatory rescissions, administrative reductions, and targeted cost savings, this initiative aims to eliminate wasteful spending and restore accountability in Washington.

The ultimate goal of DOGE is to make its own existence obsolete by July 4, 2026 - the 250th anniversary of the founding of the United States. By then, it is hoped that a leaner, more efficient government will be in place, one that is more responsive to the needs of the people and more in line with the vision of the Founders. If successful, this reform effort will be a gift to the nation, ensuring that future generations inherit a government that is both effective and accountable.