Elon Musk Admits $2 Trillion Federal Spending Cuts Target May Be Overambitious
Musk discusses the feasibility of cutting government expenses with Mark Penn, suggesting a more realistic goal of $1 trillion for his advisory body, DOGE.
However, he also appears to suggest that number is unrealistic.
Musk terms $2 trillion spending cuts 'best case outcome' for DOGE
Straight Arrow News·2M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Elon Musk cast doubt on his previous promise that Donald Trump's "Department of Government Efficiency" would save the government $2 trillion.
Elon Musk says DOGE saving $2 trillion in budget cuts is a 'best-case outcome'
Business Insider·2M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Despite his admission about the committee’s goal, Musk believes he’s walking into a "very target-rich environment" and that DOGE will not have issues finding places to cut.
Elon Musk says DOGE will 'try' to hit its goal of $2T in cuts, but admits they might fall short
Fox Business·2M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
Summary
In a recent discussion, Elon Musk acknowledged that cutting $2 trillion from the federal budget, as initially promised, might be unrealistic, suggesting $1 trillion as a likely result. He emphasized the abundance of government waste and the challenges of gaining buy-in from officials concerned about spending. The Department of Government Efficiency (DOGE), which he leads, aims to identify and address spending efficiency measures but will operate as a committee outside the government framework, tackling budget issues over a two-year period.
Perspectives
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