Elon Musk Concedes $2 Trillion in Cuts Unlikely

The Donald Trump administration has not even taken office yet, but incoming staffers are already trying to temper expectations.  

Trump has done several interviews discussing how he may not be able to get grocery prices down, deportations have been dialed back, and now Elon Musk is setting a lower bar for DOGE.  

Musk recently stated that he thinks it is unlikely that he will be able to deliver on the promised $2 trillion in cuts. 

Not Happening 

You guys all know how I feel about politicians overpromising definitively on the campaign trail. 

I warned everyone about the promises being made by Trump, especially in regard to immigration.  

Someone just asked me the other day what I thought about Musk’s promises and I told them I would be surprised if he delivered on a fraction of the cuts simply because many of the agencies they want to cut are likely to need an act of Congress, and there is no way Democrats will help with that.  

Musk has now admitted that his $2 trillion in cuts was the “best-case outcome,” but it is not realistic.  

He does, however, believe they have a “good shot” at delivering half of that, but I still believe that is unlikely. 

Musk stated, “I think we’ll try for $2 trillion, I think that’s like the best-case outcome. 

“If you try for $2 trillion you have a good shot at getting $1 [trillion]. 

“If we can drop the budget deficit from $2 trillion to $1 trillion and free up the economy to have additional growth, such that the output of goods and services keeps pace with the increase in the money supply, then there will be no inflation.” 

Musk will lead the agency with Vivek Ramaswamy, hoping to trim unnecessary agencies, cutting excessive programs and spending, while folding the critical programs into other agencies.  

Honestly, I really need to dig into the legalities of what they are attempting to see what can be chopped, and what will need legislation on this front.  

Just know that Democrats will resist this every step of the way, so temper your expectations accordingly.