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Does He Know? Musk Promises To Help Cut $2 Trillion From Government Budget If Trump Wins The Election

Word on the StreetMonday, Oct 28, 2024 8:32 am ET
1min read

As the election is entering its final stretch, Republican candidate Donald Trump held another campaign rally at New York's Madison Square Garden this week, joined by Elon Musk and other allies.

The event, which lasted nearly six hours, saw Trump criticize the other candidate, Vice President Kamala Harris, on issues such as the border, crime, and the economy, stating that the key question at hand is: who can solve America's predicaments. He also confidently claimed that more people in New York, a state dominated by Democrats, would turn to his camp.

Trump stated, "We must defeat Kamala Harris and stop the radical left agenda with a landslide that is too big to rig."

This event, held at the iconic venue, aimed to attract media attention and garner more support in the week leading up to the election.

Musk himself has been actively campaigning for Trump and investing substantial funds into the campaign.

At Madison Square Garden on Sunday, Musk claimed that if Trump were elected, he could identify $2 trillion in cuts to the government budget, fundamentally reshaping government spending.

The $2 trillion target is nearly one-third of the existing U.S. government expenditure. According to data from the U.S. Department of the Treasury, federal government spending for the fiscal year 2024 was $6.75 trillion.

Musk also mentioned, "Your money is being wasted, we're going to get the government off your back and out of your pocket book."

Trump has previously mentioned that if he were to return to the White House, he would ask Musk to lead a Department of Government Efficiency.

Some have pointed out that this stance points to a conflict of interest for Musk. It is reported that his companies, such as Tesla and SpaceX, hold billions of dollars in federal government contracts and benefit from various federal expenditures, including electric vehicle tax credits and infrastructure investments.

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