this post was submitted on 09 Jan 2025
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Summary

Elon Musk, co-head of the Department of Government Efficiency under Donald Trump’s advisory team, revised his claim of finding $2 trillion in federal budget cuts to a “best-case outcome” of $1 trillion.

Musk’s earlier target, dismissed as unrealistic by experts, had included the entire discretionary budget of $1.7 trillion.

While Musk and co-lead Vivek Ramaswamy plan to recommend cuts, specifics remain unclear.

Experts warn savings may require targeting mandatory programs like Medicaid, potentially causing hardships.

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[–] desktop_user@lemmy.blahaj.zone 1 points 1 year ago (1 children)

How much of the budget could be reduced if we fired all military personnel and sold at auction most of out military assets?

[–] OldWoodFrame@lemm.ee 2 points 1 year ago

$176 billion/year could be saved by firing all military personnel.