by Jim Hoft, The Gateway Pundit:
Billionaire entrepreneur Elon Musk told former President Donald Trump during their “chat” on X on Monday night that the U.S. should establish a commission to address the federal government’s spending crisis, and he would serve on it.
“A lot of people just don’t understand where inflation comes from. Inflation comes from government overspending because the checks never bounce when it’s written by the government,” Musk said.
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“So if the government spends far more than it brings in, that increases the money supply, and if the money supply increases faster than the rate of goods and services, that’s inflation,” he continued.
“So really, we need to reduce our government spending. And I think we need a government efficiency commission to say, ‘Where are we spending money that’s sensible, and where is it not sensible,’” Musk argued.
Trump agreed.
“And we need to live within our means,” Musk then stated. “We’re currently adding, I think, a trillion dollars to the deficit, roughly every hundred days. The interest payments on the national debt now exceed the defense budget. It’s on the order of a trillion dollars. It keeps growing.”
Elon Musk tells Trump that he would like to work on a Government Efficiency Commission to cut out wasteful government spending that is driving inflation.
Trump responds by saying, “I’d love it” and calls Musk “the greatest cutter” of inefficiencies inside organizations. pic.twitter.com/wiGMy4PfFM
— Ryan Saavedra (@RealSaavedra) August 13, 2024
Trump responded that such a commission to root out government waste would be good.
“The waste is incredible, and nobody negotiates prices,” Trump said.
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