Department of Government Efficiency (DOGE) leader Elon Musk believes that he can help cut the United States deficit in half next year, which would essentially lower costs for Americans on nearly all fronts.
In the clip below, you can hear Musk optimistically exclaim, “I think we can take a trillion dollars out of the out of the deficit next year.”
He continued, “We have a $2 trillion deficit, which is a far in excess of economic growth. If we can get that deficit in half, from 2 trillion to 1 trillion, and we can get the economic growth to match that 1 trillion growth in the money supply, that means there will be no inflation.”
“Interest rates will drop, credit card interest down, mortgage interest down, car payment interest down, and prices at the store stay the same,” Musk explained the effect it’ll have on Americans. “That is a great outcome for people and I think we can do it.”
LISTEN:
NEW: Elon Musk says he thinks he can reduce the deficit by $1 Trillion next year, says it will cause a cascading effect for Americans.
“I think we can take a trillion dollars out of the out of the deficit next year.”
“We have a $2 trillion deficit, which is a far in excess of… pic.twitter.com/cs9pvGEEPu
— Collin Rugg (@CollinRugg) February 3, 2025