Tesla CEO Elon Musk’s call for cutting “at least $2 trillion” from federal spending has sparked debate, as experts question the feasibility of such reductions without impacting key programs. Musk’s remarks were made at a Trump rally when he responded to Wall Street CEO Howard Lutnick’s question about the federal budget, saying he believes substantial cuts are possible, though without specifics.
Musk’s suggestion comes as the national debt nears $36 trillion, with federal spending exceeding $6.7 trillion in the last year. Key budget items, like Social Security and Medicare, consume over half of government expenditures, making deep cuts challenging. Maya MacGuineas, of the nonpartisan Committee for a Responsible Federal Budget, said saving $2 trillion over a decade is achievable, but cutting that amount in a single year would require drastic measures.
Musk’s role was further highlighted when former President Trump pledged to create a government efficiency commission led by Musk to recommend federal budget reforms. Trump praised Musk as a “cost-cutter,” citing his record at Twitter, though experts like Richard Stern from the Heritage Foundation doubt immediate reductions are realistic, suggesting gradual decreases by 2030 could be possible.
Meanwhile, an analysis by the CRFB estimates Trump’s and Harris’s proposals could each increase the debt by trillions by 2035, with Trump’s projected to cost significantly more.
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