Can Elon Musk Really Cut $2 Trillion in Government Spending

Dec 19, 2024 · At first glance, $1.7 trillion might seem like plenty to work with. But once you account for major expenditures, like $805 billion for national defense, much of the remaining …

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Can Elon Musk Really Cut $2 Trillion In Government Spending

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Dec 19, 2024 · At first glance, $1.7 trillion might seem like plenty to work with. But once you account for major expenditures, like $805 billion for national defense, much of the remaining …

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Musk Wants $2 Trillion Of Spending Cuts. Here’s Why That’s Hard.

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The U.S. federal government spent $6.75 trillion in the most recent fiscal year ended Sept. 30, according to the Congressional Budget Office. Walk around town handing $20,000 to …

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Can Elon Musk Cut $2 Trillion From US Government Spending? - BBC

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Nov 13, 2024 · This means Musk’s proposed cuts of $2 trillion would represent around a cut of around 30% of total federal government spending — also known as national spending in other …

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DOGE Can Find The $2 Trillion In Spending Cuts Musk Wants, But The ...

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Dec 6, 2024 · The Department of Government Efficiency (DOGE) will have a difficult time cutting $2 trillion from the federal budget, but that amount of saving can be achieved over time, …

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Musk, Ramaswamy Have Few Answers For Tough DOGE Questions …

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Dec 5, 2024 · A second GOP member said that toward the end of the meeting, Musk and Ramaswamy got a question about how feasible it is to cut $2 trillion in annual spending, given …

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The Two-Trillion-Dollar Challenge | Craig Eyermann

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Nov 12, 2024 · Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of …

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Trump Advisor Musk Wants To Trim Government By $2 Trillion: …

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Nov 13, 2024 · Musk has called for $2 trillion in cuts, nearly one-third of the entire federal budget, and more than the biggest federal expense, the $1.45 trillion spent on Social Security.

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Trump And Musk Want To Cut Billions From The Budget. It Won’t …

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Dec 24, 2024 · Mr. Musk and Mr. Ramaswamy have said that they want to cut $2 trillion of federal spending over an unspecified period of time by shrinking government agencies and eliminating …

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Elon Musk Wants To Cut $2 Trillion In US Spending. Can He Do It?

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Oct 30, 2024 · The Washington Post reports that Musk answered, “We can do at least $2 trillion,” with the promise of getting “the government off your back and out of your pocketbook.” …

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Musk Wants $2 Trillion Cut From US Budget. It’d Be Difficult - Yahoo

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Oct 28, 2024 · (Bloomberg) -- Elon Musk predicted he could cut at least $2 trillion from the US federal budget, a lofty goal that would require a level of austerity unprecedented since the …

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Musk's Proposal To Cut $2 Trillion In Federal Spending Questioned

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Nov 4, 2024 · Congress approved $1.7 trillion in total discretionary spending in fiscal year 2024. Much of the rest is considered direct spending or mandatory spending, which is mandated by …

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The Scope And Potential Pitfalls Of Trump’s And Musk’s Plans For ...

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Nov 22, 2024 · The scope and potential pitfalls of Trump’s and Musk’s plans for spending cuts ... Elon Musk said cutting $2 trillion was sort of off the top of his head a number he was aiming for.

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Elon Musk’s $2 Trillion In U.S. Budget Cuts Could Bring Economic ...

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Oct 29, 2024 · Musk’s plan to cut $2 trillion in U.S. spending could bring economic turmoil. Deep budget cuts would be required to meet the billionaire Trump supporter’s goal.

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Elon Musk Says 'We Can Cut $2 Trillion Out Of The Harris Biden …

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Nov 3, 2024 · Musk's proposed $2 trillion cut is almost one-third of this spending, but many are concerned that in order to achieve a severe slash in budget like this, much-need government …

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How Trump Superfan Elon Musk’s Plan To Cut $2 Trillion In …

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Oct 30, 2024 · That means in addition to the pledged $2 trillion cut, Musk would have to slash a total of $3.5 trillion in government spending next year to offset the new debt forecast to created …

inc.com

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Musk Draws Skepticism With Call For $2 Trillion In Spending Cuts

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Nov 4, 2024 · Tesla CEO Elon Musk's call for federal spending cuts of “at least” $2 trillion comes as the billionaire tech giant stands as one of former President Trump's most prominent …

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Can Musk Find $2 Trillion In Spending Cuts For Trump?

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Nov 26, 2024 · This is far too much to be offset by the $3 trillion in revenue from sky-high tariffs that Trump proposes. The net cost of the tax policy changes would be $8 trillion. So, the …

seekingalpha.com

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Musk’s $2 Trillion Of Budget Cuts Would Have These Stocks …

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Nov 4, 2024 · READ: Musk Wants $2 Trillion Cut From US Budget. That Would Be Tough. A team led by Michael Kantrowitz, who last week won a top spot in this year’s Institutional Investor …

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Musk Draws First Blood With Spending Bill Bombshell - MSN

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The opposition to the bill from the co-heads of DOGE comes as House lawmakers have begun organizing plans to work with the advisory body, which aims to cut $2 trillion in federal …

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Musk Draws Skepticism With Call For $2 Trillion In Spending Cuts

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Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former …

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FAQs about Can Elon Musk Really Cut $2 Trillion in Government Spending Coupon?

Could Elon Musk cut $2 trillion in government spending?

During a campaign rally for presidential candidate Donald Trump at Madison Square Garden, Elon Musk suggested that he could cut $2 trillion in federal spending. Trump has already endorsed creating a position for Musk in a "department of government efficiency" that would allow Musk to make cuts to government spending. Don't Miss: ...

How much money will Elon Musk cut?

This means Musk’s proposed cuts of $2 trillion would represent around a cut of around 30% of total federal government spending — also known as national spending in other countries. When does he become president again? Who has Trump appointed to his top team so far? Why is Elon Musk Trump's efficiency tsar? How realistic is that proposal? ...

What if Elon Musk is serious about fiscal discipline?

If Musk is truly serious about fiscal discipline, he'll advise the president-elect to eschew many of the policies he promised on the campaign trail. Elon Musk has thrown down a $2 trillion gauntlet, claiming he can slash federal spending by that amount. ...

Will Elon Musk and Vivek Ramaswamy cut $2 trillion in spending?

Elon Musk and Vivek Ramaswamy discussed their plans to cut $2 trillion in spending at a meeting with GOP lawmakers — but did not inspire widespread confidence in their ability to actually do so. ...

Could Elon Musk cut $2 trillion out of Harris Biden budget?

Elon Musk Says 'We Can Cut $2 Trillion Out Of The Harris Biden Budget' And That Americans' Money Is Being Wasted On Unnecessary Spending During a campaign rally for presidential candidate Donald Trump at Madison Square Garden, Elon Musk suggested that he could cut $2 trillion in federal spending. ...

Will Elon Musk make a 'Department of efficiency'?

The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil. Elon Musk. Illustration: Inc; Photo: Getty Images ...