‘No One In Government Wants To Cut Any Budget’

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

‘No One In Government Wants To Cut Any Budget’

Tesla (NASDAQ:TSLA) CEO and former Trump administration adviser Elon Musk is learning a hard truth about Washington, according to investor Ross *******. “After 4 months Elon learned what every natural born American already knows. No one in the government wants to ‘cut’ any budget,” ******* wrote in a May 24

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Musk has spent the past four months heading up the Department of Government Efficiency, or DOGE, a controversial cost-cutting initiative tied to mass layoffs and agency shutdowns. But even Musk now appears to be frustrated with Washington’s spending habits. On Thursday, he

This is the hidden content, please

• Sign In
• or
• Sign Up

that his “scheduled time” as a special government employee had come to an end.

Don’t Miss:

In a recent CBS News

This is the hidden content, please

• Sign In
• or
• Sign Up

, Musk

This is the hidden content, please

• Sign In
• or
• Sign Up

and spending package—dubbed the “Big, Beautiful Bill”—saying it “increases the budget deficit, not just decreases.” He warned that the legislation “undermines the work that the DOGE team is doing” and criticized the government for ignoring the need for real cuts.

The bill, which

This is the hidden content, please

• Sign In
• or
• Sign Up

, would boost spending on defense and border security, extend tax cuts, and

This is the hidden content, please

• Sign In
• or
• Sign Up

and health care programs. Nonpartisan analysts estimate it could add trillions to the national debt.

“I think a bill can be big or it can be beautiful,” Musk told CBS. “But I don’t know if it can be both.”

Trending: Invest where it hurts — and help millions heal:

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Musk has been a vocal supporter of President Donald Trump and poured over $250 million into his 2024 campaign. But in recent weeks, he’s pulled back from the political spotlight. During a Tesla

This is the hidden content, please

• Sign In
• or
• Sign Up

, he said he’d reduce his time with DOGE starting in May to focus more on the company. “The large slug of work necessary to get the DOGE team in place… is mostly done,” Musk explained.

Story Continues

He added in a CNBC

This is the hidden content, please

• Sign In
• or
• Sign Up

that he would now be at the White House just “a couple days every few weeks.”

Meanwhile, Tesla is dealing with real-world consequences. European sales of Tesla vehicles

This is the hidden content, please

• Sign In
• or
• Sign Up

, even as overall electric vehicle sales rose 28%, according to

This is the hidden content, please

• Sign In
• or
• Sign Up

from the European Automobile Manufacturers’ Association. Analysts blame a mix of factors, including Musk’s political activity, factory shutdowns, and an aging vehicle lineup.

See Also:

This is the hidden content, please

• Sign In
• or
• Sign Up

Musk has touted DOGE as a trillion-dollar cost-saving initiative, though watchdogs and fact-checkers have

This is the hidden content, please

• Sign In
• or
• Sign Up

. So far, the agency

This is the hidden content, please

• Sign In
• or
• Sign Up

$175 billion in savings—a figure under dispute.

Musk

This is the hidden content, please

• Sign In
• or
• Sign Up

last week that while DOGE “has and will do great work to postpone the day of bankruptcy of America,” he believes the government’s “profligacy” means that only radical gains in productivity can truly save the country. He said accelerating GDP growth is now essential, possibly hinting at his push for

This is the hidden content, please

• Sign In
• or
• Sign Up

to boost economic output.

Economist Peter Schiff, chief economist and global strategist at Europac.com, dismissed the impact of DOGE,

This is the hidden content, please

• Sign In
• or
• Sign Up

: “Unfortunately I think DOGE was too little, too late to really move the needle on a sovereign debt and dollar crisis. The process has already started.”

Read Next: How do billionaires pay less in income tax than you?

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Image: Shutterstock

UNLOCKED: 5 NEW TRADES EVERY WEEK.

This is the hidden content, please

• Sign In
• or
• Sign Up

, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.

Get the latest stock analysis from Benzinga?

This article

This is the hidden content, please

• Sign In
• or
• Sign Up

originally appeared on

This is the hidden content, please

• Sign In
• or
• Sign Up

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Government #Cut #Budget

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/