4 months, 2 weeks ago

Elon Musk's budget-cutting promises defy arithmetic

President-elect Donald Trump’s designated debt-busters, Elon Musk and Vivek Ramaswamy, last week wrote an op-ed in the Wall Street Journal providing the fullest accounting yet of their plans to cut “waste, fraud and abuse” — that most well-worn and oft-broken of political promises. Indeed, an omission from the dynamic duo’s piece suggests that they — and Trump — may have already trimmed their ambitions: Musk and Ramaswamy made no mention of Musk’s previous boasts that he’d slash “at least” $2 trillion in a single year from the federal budget. In short, Musk’s aim to cut $2 trillion would require wiping out not just supposed waste, fraud and abuse but also all discretionary spending — even though Trump has said he wants to increase the defense portion. The law has stood the legal and political tests of 50 years’ time, but no matter, the Trump advisors wrote: “The current Supreme Court would likely side with” Trump.

LA Times
Budget Congress Trump Musk Spending Federal Cut Trillion Jackie Calmes Tax Cuts Ramaswamy
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