I am cautiously optimistic that we will reach the $4B/day FY2026 reduction this weekend https://t.co/XQBK3rqkwo
— Elon Musk (@elonmusk) February 1, 2025
Reducing the federal deficit from $2T to $1T in FY2026 requires cutting an average of
$4B/day in projected 2026 spending from now to Sept 30.
That would still result in a $1T deficit, but economic growth should be able to match that number, which would mean no inflation in 2026.
Super big deal.
I am cautiously optimistic that we will reach the $4B/day FY2026 reduction this weekend https://t.co/XQBK3rqkwo
— Elon Musk (@elonmusk) February 1, 2025
I am cautiously optimistic that we will reach the $4B/day FY2026 reduction this weekend
I am cautiously optimistic that we will reach the $4B/day FY2026 reduction this weekend https://t.co/XQBK3rqkwo
— Elon Musk (@elonmusk) February 1, 2025
Elon Musk's DOGE commission gains access to sensitive Treasury payment systems
WASHINGTON (AP) — The Department of Government Efficiency, run by President Donald Trump's billionaire adviser and Tesla CEO Elon Musk, has gained access to sensitive Treasury data including Social Security and Medicare customer payment systems, according to two people familiar with the situation.
https://apnews.com/article/donald-trump-elon-musk-doge-treasury-5e26cc80fcb766981cea56afd57ae759
"They seem to want Treasury to be the chokepoint on payments, and that's unprecedented," the person added, emphasizing that it is not the bureau's role to decide which payments to make — it is "just to make the f-ing payments."
https://www.cnn.com/2025/01/31/politics/doge-treasury-department-federal-spending/index.html
Federal Outlays Breakdown, these are what the treasury actually pays out
Throughout this page, we use outlays to represent spending. This is money that has actually been paid out and not just promised to be paid. When issuing a contract or grant, the U.S. government enters a binding agreement called an obligation. This means the government promises to spend the money, either immediately or in the future. As an example, an obligation occurs when a federal agency signs a contract, awards a grant, purchases a service, or takes other actions that require it to make a payment. Obligations do not always result in payments being made, which is why we show actual outlays that reflect actual spending occurring.
Napkin math with last years numbers:
Social Security: $374 B (19.7%)
National Defense: $262 B (13.8%)
Health: $246 B (13.0%)
Net Interest: $242 B (12.8%)
Medicare: $233 B (12.3%)
Income Security: $162 B (8.5%)
Veterans Benefits and Services: $105 B (5.5%)
Education, Training, Employment, and Social Services: $52 B (2.7%)
Natural Resources and Environment: $39 B (2.1%)
Transportation: $36 B (1.9%)
Other: $43 B (2.3%)
Total Outlays Spending: $1.9 trillion
Assuming boomers and the defense companies are untouchable and muskrat isn't r-slurred enough to default on interest payments overnight this can be met by immediately halting payments for:
- Income security(162b) + Vets services(105b) + Education(52b) + Environment (39b) + transportation (36b) + Other(43b) = (.162+.105+.052+.039+0.036+.043) trillion = 0.437 Trillion dollars
Lets slap on a halt for all healthcare outlays including medicaid for 246b to get 0.683 Trillion dollars . Nowhere near enough dollarydoos to meet the target.
Lets make some harder sacrifices. All outlays to the penta-GONE (262b) for 0.945 Trillion. Now the target can easily be solved by reducing SS payments by 14% .
Bigger picture 1 trillion dollars is 3.65% of nominal GDP and 1 trillion dollars worth of outlays being halted for a year from this scheme fires a solid chunk of 2 million soldiers, 2 million federal employees, every contractor so something like ~5-7 million people? Pulling some galaxy brained napkin math out my butt thats 1/16th the total workforce for an additional 6% unemployment not including private sector income loss by sept 30.
UPDATE: FAKE NEWS
MULTIPLE ABOVE SPENDING BUDGET BY 3
Will this go through ?
Who knows ? Its literally the most illegally r-slurred way of cutting the deficit imaginable .
But muskrat says its the plan and this is what the payments system controls
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Let's just eliminate social security, medicare, "Health" (medicaid??) and education. Frick boomers and the poor
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Friendly reminder that we spend more on dialysis than we do on NASA. $100k+ per person per year to keep alive the dregs of our society.
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MAGA should legalize kidney bounty hunting.
finally a good use for OF hoes
get those dialysis malingerers back to work
once enough bros wake up in ice tub baths, scrotes will start to be more discerning in who they take home from the club
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Won't work. They'll keep calling and saying "Hey, I'm not sure what happened last night, but like... if you still wanna hang out..."
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"I still have another kidney..."
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Slut
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I'd vote for you bb
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should give them a one time payment of $25k if they agree to be executed in one year.
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Ok Mr Canadian
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Cause of fats.
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I know someone who gets $2500/m from the VA every month just because he has sleep apnea (I'm sure being a who never exercises has nothing to do with it) but because of it he is "80% disabled".
naturally he refuses to get it fixed and just goes for a sleep test for a fresh diagnosis every few years. good system
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Foids who never left CONUS claim disability at higher rates than men who served in frontline combat roles in Iraq/Afghanistan. Make of that what you will/
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Do your duty, patriot
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Respect the grift.
Wageslaves be slaving for $1000 a month, meanwhile this king gets $$$ for being a fat bastard.
Wouldn't you be a fat bastard for $2500/m?
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YES
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That's the true north, but no need to get there overnight.
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This but unironically
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This but unironically
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this but unironically
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Crashing this government with no survivors
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Bro I'm fricking down. I probably get 10% use out of my tax dollars.
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The people of /r/fednews keep saying stuff like this is a coup, or the resistance or whatever. What are they talking about lol? Trump and the Republican party was elected. Wouldn't resisting their wishes be a coup, not Trump trying to do what he said he'd do?
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Have you ever heard of this thing called the constitution? Winning an election doesn't make him dictator.
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Fricking X r-slurs don't know why we got rid of the spoils system or have checks and balances
I've literally seen "a Judge shouldn't be able to hold up a presidents order what give them the right?!" like read the constitution you GIGABIPOC
"Why have apolitical federal employees?" because refilling it with lackeys every fricking election isn't good for a professional organization
Elon's 19 year old employees aren't going to know how to write and approve an ISSA
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Nah. The purpose of the United States was to provide at the federal level the minimum necessary services to function as a unified nation against foreign actors. Defense, trade negotiations, international treaties, and so forth. Everything else was supposed to be at the local level. Brandeis saw this; America is 50 "laboratories of democracy" that should be free to experiment to see what works and what doesn't. So many things are currently handled at the federal level, creating a terrible homogeneous solution to everything that is incredibly inefficient and satisfies no one. Junk it all, return the power to the states, and let us see what happens.
I'm also 99% convinced that this is because voters are much more responsive to tax policy at the local level. If your city says we're going to raise taxes by 5% to pay for schools, everyone would vote the entire city council out of office next term. But when the federal government says we're going to raise taxes by 5% and gives that revenue back to the states for education, no one really cares.
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Leftoids think if they push everything up to the federal level that somehow that means they're winning. No dipshit, it means that you're giving people in Alabama, Idaho, Waco, Staten Island power over your kids' education, abortion laws, health care.
At the risk of hyperventilating here, it's a typical gangster move. Shake down everyone, then give them most of their money back and they'll be grateful to you, like it's a gift. The more times the money changes hands the more that corrupt officials can skim off without anyone noticing.
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No one gives a shit about the constitution except the parts that let them own guns and say slurs
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We're pretty adamant about the quartering of troops one. Federal government hasn't even tried to overstep on that one afaik.
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And the 4th.
But yeah there's a lot even in the Bill of Rights that's just totally ignored. The right to a speedy trial especially. They'll just drag somebody in to court, say that they're too busy for a trial, and schedule them to come back to court again in a few weeks. Repeat over and over until they realize it doesn't matter if they're innocent. They're just gonna get hauled in over and over again until they take the plea bargain, so they're better off just lying and saying that they're guilty. They can do this for years and the courts are totally fine with that.
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Every day I wake up thankful that I have never had to deal with the court system.
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Yeah, but I don't know enough about the constitution to understand how messing with federal workers violates the constitution. And I think unelected government workers talking about stopping a coup and saving democracy by resisting a newly elected official is funny.
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The president can't just pay whoever he wants. Congress in charge of the money. And since 1883 they've chosen to pay for civil servants based on merit.
Why? The president is the guy most likely to stage a coup. It's kinda like how if you get r*ped it's probably by someone you know.
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The argument isn't about the president paying who he wants. It's about him refusing to pay whom he wants.
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Afuera!
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you assume any of the checks and balances matter or exist when political parties refuse to enforce any of the rules or standards lol.
the founders themselves warned about political parties, the fact it took this long for a full blown cult to form is wild.
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Which part of the constitution is he violating?
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That's not how this works.
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Literally it is. The whole fed has legitimacy granted to it by the executive branch allowing it to exist. If he doesn't have that power we live in a de facto oligarchy, ruled by unelected bureaucrats.
I cannot tell if your fricking around or honestly this stupid.
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Are you trolling? Congress appropriates funding for these institutions, not the goddarn president himself you gigafricking r-slur. This is blatantly, 100% completely and totally illegal and will be cutdown by the judiciary in short time. Also, Elon Musk isn't a fricking elected official or appointed through any legitimate government body. The idea that he should have any power or say in how the federal government works is so supremely brain damaged I have a hard time believing you aren't touched. Keep yourself safe.
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Oh my god it's called checks and balances you fricking halfwit. The executive can pretty much rip out bureaucrats while congress appropriates funding.
This is within his power but how he goes about it may or may not be illegal to he determined by the courts. For example when he fired the IGs he was supposed to give congress 30 days notice - a law passed by congress two years ago. However this law could be considered unconstitutional because it directly interferes with executive powers - a conflict within checks and balances.
In short frick you r-slur you are stupid
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There's mandatory spending and discretionary spending. I don't see why the executive can't decide that his own departments don't need to spend all of the money that has been allocated to them. Also, Elon is not in control of any spending policy. Trump would be the one deciding that, and there is nothing that says trump can't get Elon's input and then decide for himself what to do. But I also have no idea what I'm talking about so if anyone wants to call me r-slurred I won't mind.
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The discretion in "discretionary spending" is Congress's, not the President's
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Yes, I really am stupid enough to think there's a separation of powers and the president isn't a dictator who can do whatever he wants.
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You fricking r-slur. This bureaucracy is not a separate branch of government
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Sounds like a coup to me can't just go around resisting the president's wishes.
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Not yet
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The constitution clearly states "The executive Power shall be vested in a President of the United States of America." I what world does executive power not mean the power to distribute money?
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The world that everyone else is living in, r-slur. This isn't a political thing or a left/right thing or whatever, you're just completely fricking r-slurred. Money is distributed by the legislative branch.
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No it isn't. It's apportioned, not distributed. There is a big, massive difference!
Democracy is the art and science of running the circus from the monkey cage.
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No, who's that?
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If he cuts boomer checks he will lose the mandate of heaven, more likely daddy will tar, feather, and deport Elon in front of everyone for making them mad at him.
Anyway most of the stupid libshit cute twinks didn't fricking vote because of Palestrains which about what I would expect from Zoomers and Millennials and also because they couldn't drag their asses to a voting booth
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Musk really is an uneducated brainlet, huh?
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Can't have the price of eggs go up if the economy doesn't exist anymore
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Assuming we continue to collect 20% of GDP as taxes as is historical norm, doesn't that imply 5 trillion in growth to cover a 1T deficit aka 17% growth?
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I voted to destroy the federal govnerment
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African condom wearing bros…
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Those three people are going to be VERY disappointed
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Gutting welfare for boomers would have been a slam dunk for slashing government spending and a much better alternative to tariffs.
TOTAL BOOMER DEATH!
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that conclusion is literally more thot than musk has put into anything for decades.
the dude is an autismic fool of branding at the right place/time, and not much more
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I'd rather have Azaleia Banks inspecting the government for efficiency.
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I'd rather have Azealia Banks inspecting my peepee for efficiency.
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Ugly as heck
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Every eastern European is salivating at the chance for the biggest ransomware attack of a lifetime.
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Many may disagree but this is actually a good decision.
https://en.wikipedia.org/wiki/List_of_countries_by_government_debt
The US government had the 8th highest government debt in the world. If you would notice of the top 8 nations half aren't doing too good almost as if having debt that high is a bad idea because you will have a very hard time paying it back when the bills come due.
The only way around it was by lowering expenditure and that is one of the useful things that Elon is doing.
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Cutting deficit is great but we haven't been avoiding it because we like paying interest; it's nothing but shit options all the way down.
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Yes and Elon chose the shit option that doesn't lead to the US collapsing from debt and becoming the next Japan within a 30 years time frame. Although I would agree if you said they are overzealous in terms of cutting expenditure.
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we aren't in any danger of collapsing from debt
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I really don't know if we are in danger of collapsing from our debt or not but it should be alarming that our interest payments cost almost as much as our entire massive military.
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it's mostly bond payments out to americans
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Why?
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Wrong.
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I mean if he wants boomercide he's welcome to it, I'm just saying it's political suicide.
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It is not. Elon Musk will be worth a trillion USD in 4 years time.
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it's fine if you do it gradually before it becomes a huge crisis.
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Now please, think about these two statements, and tell me how I know that you're an r-slur.
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Wow, almost like you are cherrypicking to sound smarter than you are this time. If the total output of all the policies combined is lower debt then it is a good policy.
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That's a nice joke, but this has never happened in my entire very long loomer life. If you can catch a couple unicorns I might start believing it.
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They are doing it right now.
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I believe you. It's gonna happen this time.
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Would you at least agree that video game graphics improvements are going to continue slowing down, taking into account that Cyberpunk 2077, a game that released 5 years ago, is still considered one of the best graphics games out there, and that RDR2 a game from 7 years ago, still shows up on the best graphics games lists even today?
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I've been saying that since they came out with VGA graphics about 35 years ago.
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lol. Would you also agree that global immigration flows are going to begin slowing down year on year as middle income nations become rich and low income nations become middle income nations?
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Holy shit, everyone harps on about how much the US spends on F-35Bs but it costs this much to keep olds alive? just throw them in a giant pit
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This is what covid was supposed to do
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No that's a whole separate line for Medicare
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So it's even worse? Total boomer death. I am no longer asking
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Day of the Pillow soon inshallah
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Short term he'll likely try to eliminate consumer and financial regulations, thus making another recession and banking crash more likely.
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If Musk had real balls, he'd seize control of the ACH and take that $1,000,000,000,000 right back out of lazy Americans' bank accounts.
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If he took control of the EFT he wouldn't even need to wait three business days.
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Snapshots:
https://x.com/elonmusk/status/1885574678737039823:
ghostarchive.org
archive.org
archive.ph (click to archive)
https://t.co/XQBK3rqkwo:
ghostarchive.org
archive.org
archive.ph (click to archive)
February 1, 2025:
ghostarchive.org
archive.org
archive.ph (click to archive)
https://apnews.com/article/donald-trump-elon-musk-doge-treasury-5e26cc80fcb766981cea56afd57ae759:
ghostarchive.org
archive.org
archive.ph (click to archive)
https://www.cnn.com/2025/01/31/politics/doge-treasury-department-federal-spending/index.html:
ghostarchive.org
archive.org
archive.ph (click to archive)
Federal Outlays Breakdown, these are what the treasury actually pays out:
ghostarchive.org
archive.org
archive.ph (click to archive)
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If he actually manages to do this the seethe will be great. Probably won't.
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With all the brown people gone, those ex-military guys will be fed up to pick fruits and wash pottys.
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I get the average dramatard rides the short bus every day, but this is a new low. Your numbers aren't from last year, it's this fiscal year to date. Multiply all of your numbers by like 3.5 to get the actual amount of wiggle room Elon has. Imagine being more r-slurred than Elon, a literal mongoloid.
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I'm r-slurred
Thank you for fact checking king
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Suddenly feeling very glad I did not choose to job hop recently
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