Elon Musk Estimates $2 Trillion in Waste Can Be Cut From Federal Spending

At a rally for Republican nominee Donald Trump in Madison Square Garden, Elon Musk outlined a bold vision to cut trillions from federal spending, calling for a “Department of Government Efficiency” to eliminate waste and streamline the budget. Musk, who has accepted Trump’s offer to lead the effort if Trump wins the 2024 election, believes he can slash at least $2 trillion in what he deems unnecessary government expenses.

When asked how much he could cut from the $6.5 trillion Biden-Harris budget, Musk responded confidently: “I think we can do at least $2 trillion.” Musk emphasized that all government spending is taxation, explaining that whether it’s direct taxes or inflation, wasteful spending ultimately hits taxpayers. “Your money is being wasted,” Musk said, “and the Department of Government Efficiency is going to fix that.”

• Musk’s $2 trillion target: Musk claims there is significant room for reducing bureaucratic bloat and waste across federal agencies.

• Trump’s proposal: Trump has committed to creating a government efficiency commission, with Musk at the helm, focused on trimming excessive government spending.

• A tax on the people: Musk stressed that government waste isn’t just inefficient; it’s a hidden tax that impacts every American’s wallet.

With Musk in charge of the proposed commission, he assured the crowd that he would work to “get the government off your back and out of your pocketbook,” calling the initiative a step toward making America not just great again, but reaching “heights that it has never seen before.” Musk’s vision is to fundamentally change how the government uses taxpayer dollars, making every dollar count by targeting areas of inefficiency and unnecessary spending.

The billionaire entrepreneur also urged the audience to take this election seriously. He encouraged them to vote early and to bring friends and family along to the polls. “This is a real battle,” Musk said, emphasizing the importance of getting involved in a historic election that could reshape America’s future.

With Trump’s vision for a streamlined government and Musk’s track record for efficiency, they are promising an economic overhaul that puts taxpayers first and wastes less.

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