Elon Musk Proposes $2 Trillion Federal Budget Cuts

Elon Musk has proposed significant federal budget cuts if he were appointed to oversee government efficiency under a potential second Trump administration. Musk envisions a $2 trillion reduction in federal spending to prevent U.S. bankruptcy, despite criticisms related to his companies' government contracts. Hedge fund manager John Paulson, a Trump ally, has expressed willingness to support Musk, specifically suggesting cuts to green energy subsidies from the Inflation Reduction Act. Experts doubt the feasibility of such deep cuts without impacting essential programs. There are concerns about potential inflation and increased national debt under Trump's economic strategies, which are seen as favoring tax extensions and tariffs. Musk emphasizes the importance of auditing federal expenditures to identify inefficiencies.