WASHINGTON — Elon Musk stated Thursday that slashing a trillion in federal spending is “quite achievable” with out impacting the core companies supplied to Individuals.
The Division of Authorities Effectivity chief expressed confidence in assembly the aim in an interview with Fox Information anchor Bret Baier.
“Our goal is to reduce the deficit by a trillion dollars. So from a nominal deficit of $2 trillion to try cut def seven half to $1 trillion — or looked at in total federal spending, to drop the federal spending from $7 trillion to $6 trillion,” Musk instructed Baier in a snippet of the interview that may air in full at 6 p.m.
“At a high level, you should think of this as we want to reduce the spending — by eliminating waste — to reduce the spending by 15%, which seems really quite achievable,” the world’s richest man stated, joined by a handful of members of his cost-cutting initiative.
“The government is not efficient, and there’s a lot of waste and fraud, so we feel confident that 15% reduction can can be done without affecting any of the critical government services.”
Musk, the CEO of Tesla and SpaceX and proprietor of X, has blazed via federal companies since late January, overseeing the mass-firing of staffers and dramatically lowering company spending, together with all-but shuttering USAID and the Client Monetary Safety Bureau.
It’s unclear exactly how a lot the DOGE-led initiative has trimmed up to now — as main looming targets, together with the Pentagon, stay largely untouched.
Baier stated that the interview touched on “several billionaires” aiding the DOGE marketing campaign.
“The co-founder of Airbnb [Joe Gebbia], with multi-billion dollars, is essentially volunteering to redo the retirement system that is done by paper,” the anchor stated in a promotional Fox Information look forward of the complete interview.
“They are essentially doing a Silicon Valley tech redo of computer systems that have been the same way for decades. And what they’re finding and what you’ll hear tonight will kind of blow your mind about some of the things, the specifics that they’re finding.”
