Elon Musk Walks Back Vow To Find $2 Trillion In Wasteful Spending
HuffPost
Musk's boast that he could easily find the budgetary savings was never realistic. Now he's being more modest.
Republican budget guru Elon Musk admitted Wednesday that his vision of $2 trillion in spending cuts is not very realistic.
The billionaire entrepreneur and President-elect Donald Trump consigliere said in an interview on his website X with Mark Penn, a Democratic pollster turned marketing executive, that the $2 trillion figure was merely aspirational.
“We’ll try for 2 trillion. I think that’s like the best-case outcome, but I do think that you kind of have to have some overage,” Musk said. “I think if we try for $2 trillion, we’ve got a good shot at getting one.”
It’s a notable retrenchment from Musk’s prior position. On the campaign trail in October, Musk said he could find “at least $2 trillion” to cut from the federal government’s annual budget of more than $6 trillion.
Cutting $2 trillion in one year was always an almost impossible goal, however, since Trump has ruled out any cuts to Social Security and Medicare, which are major drivers of federal spending. Republicans in Congress, meanwhile, say they won’t touch the military, leaving only a fraction of the budget for Musk to work with.
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