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Just dropped · Trial Balloon · Ep. 193

The Magnificent Seven

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Trial Balloon · Ep. 193: The Magnificent Seven

Musk Appears to Significantly Drop Cost-Cutting Target

April 10, 2025 · 10:18 pm ET · Leave a Comment

“While stumping for Donald Trump during the 2024 presidential campaign, Elon Musk said he could cut $2 trillion from the federal budget. After Mr. Trump took office and placed Mr. Musk in charge of the budget-slashing so-called Department of Government Efficiency, Mr. Musk lowered that projection by half, to $1 trillion in the upcoming fiscal year,” the New York Times reports.

“In a cabinet meeting on Thursday, Mr. Musk appeared to set his group’s goal lower still.”

Said Musk: “I’m excited to announce that we anticipate savings in ’26 from reduction of waste and fraud by $150 billion.”

Elliot Morris: “Real federal spending is higher in 2025 so far than in past years, and DOGE is making it harder to raise revenue.”

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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