Odaily Planet Daily News, Musk stated on the X platform that in order to reduce the federal deficit from $20 trillion to $10 trillion in the fiscal year 2026, it is necessary to cut the projected 2026 expenditures by an average of $4 billion per day from now until September 30.
Although this will still result in a deficit of approximately $1 trillion, economic growth should be able to match this number, which means there will be no inflation in 2026.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1 Likes
Reward
1
2
Repost
Share
Comment
0/400
GateUser-03f88a23
· 01-31 04:31
Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂Bull Run 🐂
Musk: If the daily expenditure is reduced by $4 billion, the United States will not experience inflation in 2026.
Odaily Planet Daily News, Musk stated on the X platform that in order to reduce the federal deficit from $20 trillion to $10 trillion in the fiscal year 2026, it is necessary to cut the projected 2026 expenditures by an average of $4 billion per day from now until September 30. Although this will still result in a deficit of approximately $1 trillion, economic growth should be able to match this number, which means there will be no inflation in 2026.