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.
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…
— Elon Musk (@elonmusk) January 31, 2025
