12.02.2025 07:50
The American billionaire and head of the Government Efficiency Department, Elon Musk, stated that reducing federal spending is a necessity, warning that if nothing is done about the budget deficit, the country will go bankrupt.
Elon Musk made evaluations regarding the activities of DOGE in the Oval Office. Musk stated that the purpose of DOGE is to restore democracy, saying that if there is no good feedback movement from the people to the government and if bureaucracy reigns, then democracy loses its meaning.
WARNINGS ABOUT THE BUDGET DEFICIT
Musk said, "If people cannot vote and cannot ensure that their will is determined by elected representatives such as the President, Senate, and House of Representatives, then we are not living in a democracy, but in a bureaucracy." Advocating that bureaucracy should be accountable to the public, Musk expressed that the budget deficit needs to be addressed. He stated that if nothing is done about the budget deficit, the country will "go bankrupt."
"WE WILL BANKRUPT THE COUNTRY"
Pointing out that the interest payments on the national debt exceed the budget of the Department of Defense, Musk said, "We are spending a lot of money on defense. But if this continues, we will bankrupt the country."
"REDUCING SPENDING IS A NECESSITY"
Musk stated, "Reducing federal spending is not optional for us, it is a necessity." Touching on some findings of DOGE, Musk explained that it seems strange to them that there are quite a few people who earn seemingly hundreds of thousands of dollars in bureaucracy but somehow manage to accumulate tens of millions of dollars in wealth while in their positions.
"TAXES SHOULD BE SPENT ON THINGS THAT MATTER TO PEOPLE"
Musk pointed out that there is a need for basic controls in the U.S. Treasury, noting that ministries cannot be audited due to the lack of categorization of payments. Musk said, "If money is poorly spent, and taxpayers' money is not spent through a reasonable approval process, then that is not right. Taxes should be wisely spent on things that matter to people. This is just common sense; it is not cruel or radical."
"THERE ARE PEOPLE RECEIVING SOCIAL SECURITY PAYMENTS AT 150 YEARS OLD"
Additionally, Musk claimed that some individuals receiving Social Security payments are 150 years old. When asked about criticisms that the government is "organizing a hostile takeover" and doing so in a non-transparent manner, Musk replied, "People voted for a major government reform, and they will get it."