Elon Musk Says $2T in DOGE Cuts ‘Best Case Outcome,’ Lower Amount Likely | Global News Avenue

Tesla (Tesla) CEO Elon Musk Acknowledging that his goal of cutting $2 trillion in government spending may be difficult to achieve, half that number looks like a more realistic option.

Musk said in an interview Wednesday night that his proposal Department of Government Efficiency (DOGE) He will operate in a “target-rich environment” as he searches for waste in the federal government, but he said his initial goals are likely to be high.

“We’re going for $2 trillion,” Musk said. “I think it’s like a best-case scenario outcome, but I do think you have to have some excess. I think we try to go for $2 trillion, we have a good chance of getting $1 trillion. If we… put the budget Reduce the deficit from $2 trillion to $1 trillion and free up the economy for additional growth so that output of goods and services keeps pace with growth in the money supply, and there will be no inflation.”

“Reverse incentives to waste money”

Musk said he knew some in the government wanted to cut spending but were told to spend the entire budget so there wouldn’t be cuts in the next budget cycle, which he called a “perverse incentive to waste money.”

Musk is a vocal and financial backer of Donald Trump’s 2024 campaign and has been named co-chair of DOGE, the agency that will advise the White House on budget cuts. Experts say The $2 trillion figure is unlikely to be achieved from the start, as lawmakers may be hesitant to cut popular programs needed to reach that number.

Musk and entrepreneur and former Republican presidential candidate Vivek Ramaswamy Trump said they were appointed to head the advisory unit and would make recommendations by July 4, 2026.