4.8 • 965 Ratings
🗓️ 13 April 2025
⏱️ 5 minutes
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Let's talk about Elon finally finding a place for a giant cut....
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0:00.0 | Well, howdy there, Internet people, it's Bell again. |
0:04.0 | So today, we're going to talk about how Elon finally found a place to make a big cut. |
0:10.0 | When campaigning for Trump, Elon was asked what he thought could be removed from the yearly budget. |
0:16.0 | He said, quote, |
0:18.0 | I think we can do at least two trillion. |
0:21.8 | That was seen by economists and people who can add, as well, let's just call it incredibly |
0:28.0 | ambitious to the point of impossibility. |
0:31.4 | Trump said he agreed with Elon's estimate and added, quote, It'll have no impact on people. |
0:38.7 | So, not only could Elon cut two trillion, |
0:41.7 | but he could cut it and that spending cut would be so pointless |
0:45.3 | that nobody would even miss it. |
0:48.1 | Later, Elon tried to lower expectations and cut his goal in half. |
0:53.0 | Quote, but I do think that you kind of have to have some |
0:57.2 | overage. I think if we try for two trillion, we've got a good shot at getting one. And if we drop |
1:04.4 | the budget deficit from two trillion to one trillion and kind of free up the economy to have |
1:10.4 | additional growth, such that the output |
1:13.2 | of goods and services keeps pace with the increase in the money supply. There will be no inflation. |
1:19.7 | That, I think, would be an epic outcome. Recently, Elon said, quote, |
1:26.2 | the government is not efficient. |
1:28.3 | There's a lot of waste and fraud. |
1:30.3 | So, we feel confident that a 15% reduction can be done |
1:35.3 | without affecting any of the critical government services. |
... |
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