Elon Musk slams bloated US government regulatory system: There are more referees than players

Odaily News A report released in 2020 by the U.S. agency "Center for Regulatory Studies" showed that between 2000 and 2010, U.S. federal government regulatory spending and staffing grew faster than in the previous two decades (overall spending grew 66.5% and staffing grew 54.0%). According to the fiscal year 2021 budget estimate, regulatory spending in 2020 was 22.8% higher than in 2010, with an average annual growth rate of 2.1% over the decade. From 2010 to 2020, staffing grew by 5.8%, an average annual increase of 0.6%. Elon Musk retweeted a picture from the report on X and said: "There are too many regulators, just like there are more referees than players on the field in a sports game!" Previously, Musk was appointed as an adviser to the Trump administration, leading the "Department of Government Efficiency" (Jinshi)