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Belle of the Ranch

Let's talk about Musk, a trillion dollars, and getting closer....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 11 January 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about Musk, a trillion dollars, and getting closer....

Transcript

Click on a timestamp to play from that location

0:00.9

Well, howdy there, internet people, it's Bell again.

0:04.6

So today, we're going to talk about Musk, a trillion dollars, and reality setting in.

0:12.0

If you've been watching the channel for a while, here's some news that will come as no surprise.

0:18.0

Musk has decided to walk back his budget cut of $2 trillion, just a little bit. He cut it in half.

0:25.2

He said, quote, if we try for $2 trillion, we've got a good shot at getting one. And if we can drop the

0:34.1

budget deficit from $2 trillion to $1 trillion and kind of free up the economy

0:40.0

to have additional growth such that the output of goods and services keeps pace with the

0:46.2

increase in the money supply, then there will be no inflation. So that, I think, would be an epic

0:53.7

outcome. Surprise, he couldn't get $2 trillion.

0:59.3

Now, when I said this initially, I got a lot of hate mail for it, more than for anything

1:05.1

else I've said. Stuff like Elon Musk is the richest man in the world. You are a redneck in a garage. This video is the

1:14.8

height of hubris. He cuts costs at businesses for breakfast. You think he can't cut two trillion in

1:21.4

waste out of almost $7 trillion. To say he not only can't cut the budget by $2 trillion, but that he won't get anywhere near that is why we say to stay home and cook.

1:34.3

Well, don't you feel silly?

1:36.5

I've got some bad news for you.

1:38.9

First, the government isn't a business, and second, he's not cutting a trillion either.

1:46.5

Once you discount mandatory spending and interest, he's really only working with 1.6 or 1.7 trillion. Around half of that

1:54.6

is DOD's budget. There is not a way to get a trillion without cutting DOD's budget by about 20 or 25%.

2:03.6

That's the minimum. Do you think that's going to fly? Probably not.

2:08.6

But if you think Congress will go for a cut that big to DOD, let me tell you what else has to be cut to make up the remainder.

2:18.3

You take a quarter of DOD's budget and then you cut everything.

2:24.3

Literally all other discretionary spending.

...

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