this post was submitted on 09 Jan 2025
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Summary

Elon Musk, co-head of the Department of Government Efficiency under Donald Trump’s advisory team, revised his claim of finding $2 trillion in federal budget cuts to a “best-case outcome” of $1 trillion.

Musk’s earlier target, dismissed as unrealistic by experts, had included the entire discretionary budget of $1.7 trillion.

While Musk and co-lead Vivek Ramaswamy plan to recommend cuts, specifics remain unclear.

Experts warn savings may require targeting mandatory programs like Medicaid, potentially causing hardships.

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[–] Nunar@lemmy.world 1 points 4 minutes ago

And Trump won't bring down grocery prices. I really wish Americans were smarter. It's going to be a rough ride. At least I'm not going to have to subscribe to the NYT to see the obituary that I want to.

[–] Lucidlethargy@sh.itjust.works 2 points 23 minutes ago* (last edited 22 minutes ago) (1 children)

Elon is such a dumbass.

Edit: I'm sorry, *President Elon is such a dumbass.

[–] Nunar@lemmy.world 1 points 4 minutes ago

I want to join truth social just to call out "president Elon"

[–] NigelFrobisher@aussie.zone 1 points 41 minutes ago

It’ll be 2 million, and way less than the amount the DOGE department manages to embezzle itself.

[–] Treczoks@lemmy.world 23 points 8 hours ago (1 children)

Wherever he cut, you can safely assume it will only hit the people at the bottom, not those at the top.

[–] zipzoopaboop@lemmynsfw.com 4 points 5 hours ago

Whatever supports his companies

[–] affiliate@lemmy.world 25 points 10 hours ago (1 children)

i’m actually kind of shocked he admitted this. isn’t his usual strategy to promise super unrealistic things, not deliver, and then make the same promise the next year?

[–] utopiah@lemmy.world 1 points 3 minutes ago

Indeed, but I bet he isn't used to hide things in the public. This is a federal budget, not yet another of his corporations. I bet he knows the very best accountants but that's just different.

[–] 5in1k@lemm.ee 22 points 11 hours ago

If he cuts anything it’ll be support for middle class and poor people and itll be jack shit, it will fuck everything up and it will be touted by clowns as a success.

[–] scutiger@lemmy.world 7 points 10 hours ago

I'm shocked, SHOCKED by this revelation!

[–] NotMyOldRedditName@lemmy.world 10 points 11 hours ago* (last edited 11 hours ago)

It's all going to be healthcare / social safety nets, and it's going to be dwarfed by the tax cuts Trump gives people.

[–] atzanteol@sh.itjust.works 75 points 17 hours ago (2 children)

Remember when he landed people on Mars in 2022?

[–] CosmicTurtle0@lemmy.dbzer0.com 52 points 17 hours ago (1 children)

Remember when Tesla released fully autonomous self driving cars?

[–] atzanteol@sh.itjust.works 25 points 16 hours ago (3 children)

That was way back in 2014, hard to imagine a world without them now! It's how I take my cybercab to the hyperloop to get to work!

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[–] DontRedditMyLemmy@lemmy.world 9 points 15 hours ago

Can I get a video of the before and after claims? Gotta make the presentation super simple in this day and age.

[–] makyo@lemmy.world 155 points 18 hours ago (4 children)

Anyone who actually believed they would find $2 trillion was an idiot, the rest of us knew they'd just cut the things they hate, bump the subsidies that favor them and their friends, and call it a day.

[–] bitchkat@lemmy.world 3 points 5 hours ago

I expect them to privatize and then somehow claim they cut the budget because they are paying a private company instead of running whole departments themselves (govt)

[–] CosmicTurtle0@lemmy.dbzer0.com 29 points 17 hours ago

The funny thing is....it's not like their voters would care if they lied. They could literally say "We cut the budget by $17 trillion by making sure the trans kids don't get surgeries!" And their voters would fucking cheer.

They wouldn't look deep enough to actually care what they cut.

So the question is why even make this announcement? I'm guessing it's a distraction from something else.

[–] Cypher@lemmy.world 37 points 18 hours ago (7 children)

Your comment will age poorly when Trump’s tarrifs lead to a collapsing economy and he prints money like mad to solve it, resulting in hyper-inflation letting President Musk keep his election promise.

[–] makyo@lemmy.world 14 points 17 hours ago (1 children)

Wondering how that connects as I didn't mention tarrifs?

[–] AmidFuror@fedia.io 28 points 17 hours ago (1 children)

After hyperinflation, Musk will easily cut $100T from the budget, making your claim that only an idiot would believe he could find $2T in cuts laughable.

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[–] Knock_Knock_Lemmy_In@lemmy.world 3 points 12 hours ago (1 children)

Surely it's essy to find $2tr in the Homeland Security/ military budget?

[–] wjrii@lemmy.world 4 points 8 hours ago

Not even there. DoD is ~$840B and DHS another sixty. Not even one trillion in the entire US security apparatus, but they were going to so easily find twice that. It was always pure nonsense.

[–] Whateley@lemm.ee 14 points 13 hours ago

Those two clowns couldn't find their own asses in a dark room with both hands and a flashlight.

[–] Viking_Hippie@lemmy.dbzer0.com 16 points 14 hours ago (1 children)

Musk’s earlier target, dismissed as unrealistic by experts, had included the entire discretionary budget of $1.7 trillion.

FFS! There's probably TODDLERS who know more about how the government works than Musk! 🤦

[–] bitchkat@lemmy.world 3 points 5 hours ago

I've always said there were 4 types of people (besides average)

  1. Genius that knows they are a genius
  2. The Genius that doesn't know they are a genius
  3. The idiot that knows they are an idiot
  4. The idiot that thinks they are a genius

The most dangerous one, and the one you don't ever want to work for is #4. That's where Musk is.

[–] shininghero@pawb.social 22 points 15 hours ago (1 children)

Oh please, you're not even going to get $100 billion without stepping on some toes in the Military-Industrial complex, and that's going to make you some lifelong political enemies.

[–] Blackmist@feddit.uk 7 points 13 hours ago

Oh that's not what he meant at all.

He meant slashing social security and Medicare. Obviously rich people aren't going to feel the pinch.

[–] Critical_Thinker@lemm.ee 6 points 12 hours ago* (last edited 12 hours ago)

It's because they were told they can't cut VA, SSI or Medicare, I promise.

The rich assholes always think they can just cut healthcare and retirement payouts but politicians know they will never get re-elected if it happens on their watch. The old people who rely on this shit are the only ones voting anyway.

[–] FlyingSquid@lemmy.world 111 points 20 hours ago (12 children)

This doesn't look good for Elon. Lucky for him that he's the president.

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[–] mctoasterson@reddthat.com 4 points 11 hours ago* (last edited 11 hours ago) (1 children)

We did this exercise as a civic learning experience in 9th year government/social studies classes. The teacher had us go through a mock (simplified) Federal budget and decide which line items to cut to achieve a "balanced budget" with debt reduction.

The problem is largely intractable for reasons that become obvious even to middleschool kids. Do you completely cut popular things like the space program? Gut entitlement spending? Massively increase taxes across all brackets? Reduce the military or infrastructure spending to laughable levels? All of those things are very unpopular but that is what it would really take to tackle the problem.

[–] horse_battery_staple@lemmy.world 20 points 11 hours ago (2 children)

You tax the 1% until they're the 10% then shove that money into infrastructure and welfare. Then you sit back and watch the American Exceptionalism machine go brrrr again just like the 50's

[–] itsonlygeorge@reddthat.com 1 points 30 minutes ago

The US government is not funded by taxes. Let me repeat that: THE US GOVERNMENT IS NOT FUNDED BY TAXES.

Since the USD is the defacto global currency and is backed by oil, the US can print as much money as it wants to pay it debts or fund government programs. Hence the reason for the US’ constant wars over oil resources. Got to feed the oil machine.

Taxes are used as COLLATERAL for further loans and to pay the interest on the existing government debt.

Money is created by selling bonds and again using the magic of fractional reserve banking to inflate the money supply.

The US is the only country that can pay its debts by printing its own currency.

[–] mctoasterson@reddthat.com 0 points 4 hours ago (1 children)

Problem is, if the goal is to greatly reduce or eliminate the debt, you could confiscate 100% of the 1%s wealth and it would barely make a dent.

[–] emeralddawn45@discuss.tchncs.de 2 points 3 hours ago

This is absolutely false. The top 1% in the US control 50 TRILLION dollars. More than enough to go around with plenty to spare for a rainy day.

[–] crusa187@lemmy.ml 16 points 15 hours ago* (last edited 15 hours ago)

Never fear rich people and corporations - Trump is still going to do another $2T tax cut regardless.

[–] kautau@lemmy.world 43 points 18 hours ago

Sounds like they’re not an efficient use of government resources and should be cut

[–] fannymcslap@lemmy.world 80 points 20 hours ago (2 children)

Gasp. Lying cunt lied cuntily.

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[–] Rentlar@lemmy.ca 23 points 16 hours ago* (last edited 16 hours ago) (1 children)

If allowed, Elon will find trillions to funnel to himself and Trump's cronies however.

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[–] pastaPersona@lemmy.world 45 points 19 hours ago (1 children)

Man, it’s almost like he has no idea what he’s talking about or something. Definitely a good candidate to be making policy decisions affecting millions of people.

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[–] MapleEngineer@lemmy.world 18 points 16 hours ago

Ya, so, we're not going to do any of the things we promised. We're just going to try to punish our political enemies and fuck shit up while looting every last penny that we can and running away while the country burns.

[–] halcyoncmdr@lemmy.world 40 points 20 hours ago (3 children)

Oh? The places he's looking at actually work fairly efficiently already? Or the inefficiencies are outside their control? The inefficient sections are the places he can't go, like the DOD?

[–] MagicShel@lemmy.zip 38 points 19 hours ago (1 children)

Any inefficiency likely comes from private industry bending the government over and stealing our wallet. I've been paid obscenely better as a contractor than my government counterparts, and I'm probably only seeing half of what my company charges. Entire departments are twenty contractors at a cost of $5 million per year and two actual government employees making a grand total of $60k each. Maybe double that at most by the time you include all the benefits.

But if you try to trim that, you're cutting into the profits of private industry, and we sure as fuck can't have that, can we?

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[–] sp3tr4l@lemmy.zip 1 points 9 hours ago* (last edited 9 hours ago)

The second trillion will be found when DOGE Block 3 rolls out, and Elon's gonna need ... $5 billion dollars for DOGE Block 2 and 3.

(DOGE Block 2 will find the first trillion, after DOGE Block 1 is later revised down to 750 billion)

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