Elon Musk Revises $2 Trillion Budget Cut Expectations Amid Skepticism
In a recent interview on X, Elon Musk acknowledged that his ambitious goal of reducing the federal budget by $2 trillion may not be as feasible as he initially believed. During a conversation with political strategist Mark Penn, Musk stated that while he would aim for $2 trillion, he suspects that a more realistic outcome would be closer to $1 trillion. His comments come as experts have expressed doubt regarding the viability of such a significant cut from a $6.8 trillion budget.
Musk's remarks are particularly notable as he has previously advocated for cryptocurrency Dogecoin as a means to combat government spending, a claim that is now met with growing skepticism. As Trump prepares for his upcoming inauguration, the potential of Dogecoin and Musk’s fiscal strategies face increased scrutiny, particularly with evident rifts within the Republican party.
Musk’s statements mark a departure from his earlier, more optimistic projections made during a rally at Madison Square Garden, reflecting the challenges of achieving such extensive budgetary reforms.
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