In a recent interview on Fox Business, Elon Musk discussed his initiatives at the Department of Government Efficiency. He highlighted the alarming $2 trillion federal budget deficit, emphasizing the excessive interest payments on the national debt, which now exceed defense spending. Musk expressed concern about the potential bankruptcy of America and stressed his commitment to enhancing government efficiency to combat waste and fraud. Despite challenges in managing his other businesses, Musk noted that his team has already achieved savings surpassing $4 billion, indicating tangible progress in their goals.
I kind of think that the, you know, we've got this enormous federal budget deficit and it's a $2 trillion deficit. It keeps growing.
If we didn't do something about this, then there won't be any money for anything. We'll just be servicing debt.
I just don't want America to go bankrupt, Musk said. So it's a call to action.
I'm just here trying to make government more efficient. Eliminate waste and fraud and So far we're making good progress actually.
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