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World of Software > News > Elon Musk reveals all US taxpayers must have ‘two things’ to save money
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Elon Musk reveals all US taxpayers must have ‘two things’ to save money

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Last updated: 2025/02/23 at 3:13 PM
News Room Published 23 February 2025
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DURING a highly anticipated sit-down with President Donald Trump, Elon Musk shared his perspective to ‘ensure taxpayers get a fair deal.’

Musk, who chairs the Department of Government Efficiency (DOGE) in addition to leading Tesla and SpaceX, emphasized it boils down to two key factors: competence and caring.

1

President Donald Trump and DOGE leader Elon Musk sit down with ‘Hannity’ in an exclusive interview airing Tuesday.Credit: FOX News Channel’s Hannity

THE SIT DOWN

In interview with Fox News’ Sean Hannity, Musk shared, “If you want to save taxpayer money, you need one of two things; competence or caring.”

“Ideally, you’d have both.”

“But if you have neither, you get a terrible deal, and unfortunately, that’s exactly what’s been happening to American taxpayers,” he told Hannity.

Seated side by side, Trump and Musk criticized what they described as rampant inefficiencies, waste, and fraud at the federal level.

Read more Elon Musk stories

Both reaffirmed their commitment to shrinking the government, arguing that too much taxpayer money is lost due to ‘bureaucratic mismanagement.’

CUTTING BACK

Since taking office last month, Trump’s administration has already begun major cuts.

This includes large-scale federal layoffs and investigations into agencies such as the IRS, the Department of Defense, and the Consumer Financial Protection Bureau.

Musk framed the effort as a necessary shift, saying, “Right now, we’re watching the bureaucracy push back as we work to return power to the people.

“Honestly, every American taxpayer should be furious, because their money is being wasted.”

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Trump agreed, highlighting the scale of the problem.

“We’re uncovering billions, soon to be hundreds of billions of dollars in fraud, waste, and abuse,” he said.

He continued, “He [Musk] is doing an incredible job, and I think you’re going to see a fantastic job done by him.”

FUTURE GOALS

Musk also confirmed DOGE’s primary goal is cutting $1 trillion from the national deficit, adjusting an earlier pledge to slash $2 trillion.

However, he suggested the real amount of wasteful spending could be much larger than what has been identified so far.

“If we don’t get the deficit under control, America will go bankrupt.”

Musk warned, “People need to understand that countries can go bankrupt just like individuals.

“If you overspend, you eventually run out of money.”

He further shared that they are ‘just getting started.’

Trump and Musk have both signaled that more drastic cuts and reforms could be on the horizon.

Things you need to know about Elon Musk

ELON MUSK is the CEO of Tesla Motors, SpaceX, founder of The Boring Company, and co-founder of Neuralink and open AI

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