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.
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.
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.