“Elon Musk appeared to acknowledge Tuesday that his pledge to help former president Donald Trump slash federal spending could unleash severe, short-term economic turmoil, underscoring the fiscal stakes as voters weigh whether to send the Republican back to the White House,” the Washington Post reports.
“Musk first outlined his highly aggressive target at a raucous campaign rally in New York last weekend, promising to identify “at least $2 trillion in cuts” as part of a formal review of federal agencies that he would conduct if Trump wins next week’s election.”
“But the audacious pledge, which drew rapt applause, belied a harsh fiscal reality: Slashing the budget that steeply would require decimating an array of government services, including food, health care and housing aid — and it could erode funding for programs that lawmakers in both parties say they want to protect, from defense to Social Security.”
