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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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![:marseyshrug: :marseyshrug:](https://i.rdrama.net/e/marseyshrug.webp)
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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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