Elon Musk aims for $2 trillion in federal budget cuts
During an interview, Elon Musk described $2 trillion worth of federal budget cuts as a good goal to reach. During the review of what could be cut, Musk and his team discovered government waste “in all directions”. Musk utilized a metaphor of being in a room full of targets in every direction. Even if you were “blindfolded”, you would still hit a target. Musk acknowledged that there are people in the government willing to wisely spend other people’s money, but the system prevents them from doing so.
From Newsmax:
While admitting that the target goal of cutting $2 trillion from the U.S. budget is overly optimistic, Elon Musk said his plan still could result in “an epic outcome” of “no inflation.”
After Musk and fellow businessman Vivek Ramaswamy were named by President-elect Donald Trump to head the advisory Department of Government Efficiency, the Tesla and SpaceX CEO said he could save the government at least $2 trillion.
During an X interview Wednesday with political strategist Mark Penn, Musk admitted the goal was high.
“I think we’ll try for $2 trillion. I think that’s like the best-case outcome,” Musk told Penn. “But I do think that you kind of have to have some overage. I think if we try for $2 trillion, we’ve got a good shot at getting one.
“And if we drop the budget deficit from $2 trillion to $1 trillion and kind of free up the economy to have additional growth such that the output of goods and services keeps pace with the increase in the money supply, then there will be no inflation. That, I think, would be an epic outcome.”
Musk added that the current “target-rich” government environment — “if you look in any direction” — offers many ways to save money.
“It’s like being in a room with targets,” he said. “You could close your eyes and you can’t miss.
“There’s just a lot of waste in government because … especially the federal government … you just got a situation where the checks never bounce. Like they’ve got the infinite money computer.”
Additional Reading:
McCarthy, C. (2025, January 9). Musk: $2T in budget cuts ‘best-case outcome’. Newsmax. Link.
Category: Government Incompetence
Get real business men in control, and a lot of that waste will disappear.
Please, Lord, guide them!
Good luck Mr. Musk. I can give you 535 reasons why you’re going to need it.
435 in the House of Representatives and 100 in the Senate?
And 10,000 times that number in the deep state that doesn’t exist.
How long has been since we had someone who understands the economy trying to fix things? Years? Decades? Ever?
Everything is already “fixed”. Isn’t that at least half the problem?
Looking forward to the next four years though.
Good! Start with FEMA.
The FBI’s emergency response team head that said the New Orleans attack wasn’t terrorism would be my first choice. Dude was literally flying a giant ISIS flag from the hitch of his truck.
That and ole “no goods English” with the nose ring needs to go. All the FBI chasing socker moms at school boards can go too, they are useless.
SooN
Wasn’t it Coolidge in the 1920s who managed to make a huge dent in the deficit by tightening the purse strings on the entire government? Think I recall reading that if you worked in a government office building and needed a new pencil you had to show that it was sharpened down to a stub before they’d get you one from a stationary closet.
We need that.
Who hasn’t belonged to 2 or more units,
where the phrase “use it or lose it” is openly discussed with the lower ranks?
Accompanied with claims to the effect of….
if we don’t spend out this years budget (for extras and the unnecessary),
our budget for next fiscal year will be reduced.
Yup. Every squadron with which I ever flew. It’s criminal.
How about dusting off the Grace Report from the 80s and see if things that were recommended for cutting back then are still going strong after not being acted on.