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Political outsider and presidential candidate Vivek Ramaswamy on Monday released a statement on how he would apply zero-base budgeting to the entire federal government starting in 2025.
“Here’s how we fix the debt crisis: zero-base budgeting. Start from zero for every department and ask what (if any) spending is required instead of just taking last year’s budget as the default. That’s how any good CEO would handle this mess, and it’s something that both Republicans and Democrats can get behind. Unfortunately, there isn’t a single red or blue state in this country that actually does it.
“Our national debt crisis is real, and it will take a CEO from outside of politics to fix it. I built a multibillion-dollar biotech company from scratch by developing five medicines now FDA-approved that the bureaucracy in big pharma abandoned. I built an insurgent asset manager to compete head-on with BlackRock & Vanguard by leading the crusade against the ESG bureaucracy. Now, I’m taking on the biggest bureaucracy of all: the federal government. Our national debt is at $33 trillion and rising — we need a true outsider to fix it. Sign me up.”