{"id":1636,"date":"2024-10-28T11:11:58","date_gmt":"2024-10-28T05:41:58","guid":{"rendered":"https:\/\/ainews.prativad.com\/index.php\/musk-hopes-to-cut-us-budget-by-at-least-2-trillion\/"},"modified":"2024-10-28T11:11:58","modified_gmt":"2024-10-28T05:41:58","slug":"musk-hopes-to-cut-us-budget-by-at-least-2-trillion","status":"publish","type":"post","link":"https:\/\/ainews.prativad.com\/index.php\/musk-hopes-to-cut-us-budget-by-at-least-2-trillion\/","title":{"rendered":"Musk hopes to cut US budget by \u2018at least $2 trillion\u2019"},"content":{"rendered":"
<\/div>

Donald Trump wants the tycoon to lead his Department of Government Efficiency (DOGE) and audit the federal government<\/strong><\/p>\n

Tesla and SpaceX CEO Elon Musk made an appearance at a Donald Trump rally at Madison Square Garden, promising to save American taxpayers trillions of dollars under his hypothetical second administration.<\/p>\n

Despite previously proclaiming his political neutrality, Musk has leaned towards Trump in recent months, publicly endorsing him after the first assassination attempt. Following this, Trump promised that if he wins the November election, he will establish a \u201cgovernment efficiency\u201d<\/em> commission headed by the billionaire entrepreneur.<\/p>\n

As he walked on stage in New York on Sunday, Musk was asked, \u201cHow much do you think we can cut from this wasted $6.5 trillion Harris-Biden budget?\u201d<\/em><\/p>\n

Elon Musk on D.O.G.E:<\/p>\n

“I think we can reduce the annual federal budget by atleast $2 trillion per year. Your tax money is being wasted and the Department of Government Efficiency is going to fix that.” pic.twitter.com\/isu5ZHOaGz<\/a><\/p>\n

\u2014 DogeDesigner (@cb_doge) October 27, 2024<\/a> <\/p>\n

\u201cI think we can do at least $2 trillion,\u201d<\/em> Musk replied, eliciting loud cheers from the crowd. \u201cAt the end of the day, all government spending is taxation. Whether it’s direct taxation or government spending, it either leads to inflation or becomes direct taxation.\u201d<\/em><\/p>\n

Your money is being wasted, and the Department of Government Efficiency is going to fix that! We’re going to get the government off your back and out of your pocketbook!<\/em><\/strong><\/p>\n

When the former US president proposed creating DOGE, he stated it would be an independent force \u201ctasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for the drastic reforms we need.\u201d<\/em><\/p>\n

Read more<\/strong><\/span><\/p>\n

America could go bankrupt \u2013 Musk\u00a0<\/a><\/p>\n

Neither Trump nor Musk specified how exactly the panel would operate or which specific policies it would eliminate or implement.<\/p>\n

The tech billionaire has repeatedly sounded the alarm over U.S. debt, warning just last week that the country is spiraling toward bankruptcy and will quickly go bust if Washington doesn\u2019t curb its spending.<\/p>\n

In September, he wrote that every trillion dollars of debt added is money that \u201cour kids and grandkids are going to have to pay somehow.\u201d<\/em> If debt continues to grow at this pace, Musk warned, the US will be trapped in a vicious cycle where \u201cthe only thing we\u2019ll be able to pay is interest.\u201d<\/em><\/p>\n

\n
\n READ MORE: <\/span>\u2018If Trump loses, I\u2019m f**ked\u2019 \u2013 Musk
\n <\/a>\n <\/p>\n

Earlier this month, Musk told American journalist Tucker Carlson that he has bet \u201call in\u201d<\/em> on Donald Trump winning the US presidential election in November; if Trump loses, he is \u201cf**ked\u201d<\/em> and will probably end up in jail.<\/p>","protected":false},"excerpt":{"rendered":"

Tesla and SpaceX CEO made an appearance at a Donald Trump rally at Madison Square Garden in New York Read Full Article at RT.com<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"yoast_head":"\nMusk hopes to cut US budget by \u2018at least $2 trillion\u2019 - Leading the AI News Frontier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ainews.prativad.com\/index.php\/musk-hopes-to-cut-us-budget-by-at-least-2-trillion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk hopes to cut US budget by \u2018at least $2 trillion\u2019 - 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