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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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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