That message came from former President Donald Trump's richest man, Elon Musk, who said the GOP's plans to put the US on a solid economic footing would likely result in a "temporary problem" for ordinary people. The United States.
In a live town hall event on Friday held on Musk's social media platform, X, the multi-billionaire Tesla and SpaceX executive said he is "praying for victory" for Trump, so he can begin working in a high-level role on the council. minister to stop federal spending.
We have to reduce costs to live within our means," Musk said. "And, you know, that involves some temporary hardship, but it will ensure long-term prosperity.
Many economists agree that Trump's economic and fiscal proposals could trigger an economic disaster, although it is unclear whether they have considered, or given credence to, Musk's austerity calls.
In a joint paper released last week, 23 Nobel Memorial Prize-winning economists warned that Trump's plan for taxes, tax cuts and an immigration crackdown ,including detaining and deporting millions of people will lead to higher prices, losses greater, and greater inequality Above all, they wrote, Trump will undermine the rule of law and political certainty, "the most important determinants of economic success
The call to voters to endure some hardship comes as the U.S. economy heads into Election Day on solid footing, consumer confidence is rising and employers are still adding hundreds of thousands of jobs. , wages that contribute to inflation and overall economic growth. But many Americans are still struggling with big-ticket expenses like child care costs and struggling with big-ticket expenses like child care costs and the housing market, tough insurance and debt payments and more.Although elected officials in both parties have campaigned for decades to address the U.S. debt burden now 120% of gross domestic product, the highest level since the disaster and the spending mandate, neither party has anything to offer. He didn't do much. That includes Trump. During his tenure, the debt grew at the same pace as his predecessors
One of the reasons for that lack of progress has been persuading longtime government payees, Social Security and Medicare beneficiaries to defense contractors to accept the changes.
This time, Trump promised to appoint Musk as the government's chief operating officer.
That gives Musk's sincerity about cuts and his track record of making big painkillers for his companies more weighty.
There's so much government waste that it's like being in a room full of targets, like you can't miss - you're on track to hit a target," Musk said. , obviously, we need to live within our means," and he said he intends to go through all government spending one item at a time, with no exceptions, no special cases,He said he expected a counter-response from many quarters,,Everyone should cut their hair. We can't be a fan. We need to live honestly, Musk said.
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