Musk Discusses US Spending Cut Goals

According to Deep Tide TechFlow, Musk admitted during an interview that the US 'Department of Efficiency' faces a huge challenge in achieving the goal of cutting $2 trillion in federal spending.

He explained that setting a high target is meant to ensure actual results, as attempting to cut $2 trillion may yield a hope of achieving $1 trillion in outcomes.

Data from the US Treasury Department shows that spending for fiscal year 2024 is expected to reach $6.75 trillion, with a discretionary budget of only $1.7 trillion.

If the budget deficit can be reduced from $2 trillion to $1 trillion, it could unleash economic potential and help control inflation. Experts predict that significant cuts will likely focus on social welfare programs like Medicaid.

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