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

EXCERPT:

MUSK: “If we don't do this, America will go bankrupt. That's why it has to be done. And I'm confident at this point -- knock on wood -- you know, knock on my wooden head, the -- there's a lot of wood up there -- that we can actually find a trillion dollars in savings. That would be roughly 15 percent of the $7 trillion budget. And obviously, that can only be done with the support of everyone in this room. And I'd like to thank everyone for -- for your support. Thank you very much. This -- this can only be done with -- with your support. So this is really -- DOGE is a support function for the president and for the agencies and departments to help achieve those savings, and to effectively find 15 percent in -- reduction in fraud and waste. And we bring the receipts. So people say, 'Well, is this real?' Just go to doge.gov. We -- we line item by line item. We specify each item. So -- and we -- and I -- I should say, we also -- we will make mistakes, we won't be perfect. But when we make a mistake, we'll fix it very quickly.”