Vivek Ramaswamy slams Biden admin for irresponsible rush in $50 billion chip subsidies ahead of Trump take over
In a recent interview with Politico, Commerce Secretary Gina Raimondo detailed her plans to quickly disburse the designated funds for the CHIPS and Science Act before President-elect Donald Trump assumes office in January. Reacting to this, Vivek Ramaswamy, along with Elon Musk’s newly formed Department of Government Efficiency (DOGE), plans to scrutinize every single contract issued in the 11th hour under the CHIPS Act, along with other fiscal endeavors by the Biden administration, including the Inflation Reduction Act.
Ramaswamy stated, “Wasteful subsidies under the IRA & CHIPS Act are being rapidly pushed out before Jan 20. DOGE will review every one of these 11th-hour gambits & recommend that Inspectors General scrutinize these last-minute contracts.” Trump appointed Ramaswamy and Musk to lead the DOGE and reduce unnecessary regulations and spending. Ramaswamy had previously outlined the DOGE plan, mandating that federal employees return to full-time office work.
Biden’s Commerce Secretary @SecRaimondo says Jan 20 is “a clear deadline” for pushing $$ out the door: “I’d like to have really almost all of the money obligated by the time we leave.” This is highly inappropriate: they’re accelerating spending ahead of the transition of power. https://t.co/K3igDStJXS
— Vivek Ramaswamy (@VivekGRamaswamy) November 26, 2024
This irresponsible rush to push out $50 billion in chip subsidies before Biden takes office is a blatant attempt by the Biden administration to undermine the Trump administration’s efforts. It is highly inappropriate for them to accelerate spending ahead of the transition of power, especially considering the potential for wasteful subsidies and unnecessary expenditures.
Ramaswamy and Musk are committed to scrutinizing each contract issued in the 11th hour to ensure that taxpayer money is being used responsibly. They will also be recommending that inspectors general closely examine these last-minute contracts to prevent any potential misuse of funds.
This rushed allocation of funds is just one of the many reasons why the American people voted for President Trump and his administration’s principles of transparency and fiscal responsibility. The American people do not want their hard-earned tax dollars to be wasted on unnecessary subsidies and last-minute expenditures.
It is time for the liberal media to take a step back and question the actions of the Biden administration. This irresponsible rush to disburse funds only highlights their lack of transparency and disregard for taxpayers’ money.