Elon Musk: If We Don’t Cut Spending, America Will Go Bankrupt

Musk Thank you Mr ░░░░░░░░ Well I actually just ░░░░░░░░ myself a humble tech ░░░░░░░░ here because Laughter this ░░░░░░░░ actually as crazy as ░░░░░░░░ sounds that that that ░░░░░░░░ almost a literal description ░░░░░░░░ the work that the ░░░░░░░░ team is doing It ░░░░░░░░ helping fix the government ░░░░░░░░ systems Many of these ░░░░░░░░ are extremely old They ░░░░░░░░ t communicate There are ░░░░░░░░ lot of mistakes in ░░░░░░░░ systems The software doesn ░░░░░░░░ work The so we ░░░░░░░░ actually tech support It ░░░░░░░░ it s a it ░░░░░░░░ ironic but it s ░░░░░░░░ The the overall goal ░░░░░░░░ with the DOGE team ░░░░░░░░ to help address the ░░░░░░░░ deficit We simply cannot ░░░░░░░░ as a country 2 ░░░░░░░░ deficits The interest rates ░░░░░░░░ the interest on the ░░░░░░░░ debt now exceeds the ░░░░░░░░ Department s spending We ░░░░░░░░ a lot on the ░░░░░░░░ Department but we re ░░░░░░░░ like over a trillion ░░░░░░░░ on interest If this ░░░░░░░░ the country will go ░░░░░░░░ de facto bankrupt It ░░░░░░░░ not an optional thing ░░░░░░░░ is an essential thing ░░░░░░░░ that s that s ░░░░░░░░ reason I m here ░░░░░░░░ m taking a lot ░░░░░░░░ flak I m getting ░░░░░░░░ lot of death threats ░░░░░░░░ the way I mean ░░░░░░░░ just take him off ░░░░░░░░ know But if we ░░░░░░░░ t do this America ░░░░░░░░ go bankrupt That s ░░░░░░░░ it has to be ░░░░░░░░ And I m confident ░░░░░░░░ this point knock on ░░░░░░░░ you know knock on ░░░░░░░░ wooden head the there ░░░░░░░░ a lot of wood ░░░░░░░░ there that we can ░░░░░░░░ find a trillion dollars ░░░░░░░░ savings That would be ░░░░░░░░ 15 percent of the ░░░░░░░░ trillion budget And obviously ░░░░░░░░ can only be done ░░░░░░░░ the support of everyone ░░░░░░░░ this room And I ░░░░░░░░ like to thank everyone ░░░░░░░░ for your support Thank ░░░░░░░░ very much This this ░░░░░░░░ only be done with ░░░░░░░░ your support So this ░░░░░░░░ really DOGE is a ░░░░░░░░ function for the president ░░░░░░░░ for the agencies and ░░░░░░░░ to help achieve those ░░░░░░░░ and to effectively find ░░░░░░░░ percent in reduction in ░░░░░░░░ and waste And we ░░░░░░░░ the receipts So people ░░░░░░░░ Well is this real ░░░░░░░░ go to doge gov ░░░░░░░░ we line item by ░░░░░░░░ item We specify each ░░░░░░░░ So and we and ░░░░░░░░ I should say we ░░░░░░░░ we will make mistakes ░░░░░░░░ won t be perfect ░░░░░░░░ when we make a ░░░░░░░░ we ll fix it ░░░░░░░░ quickly.”