He concluded there is no way to solve the deficit from inside government — the appetite to cut spending is not there in the presidency, House, Senate, or judiciary, with rare exceptions such as Rand Paul. The only way to solve the national debt, he said, is with AI and robots, not by saving.
"We have a huge budget crisis. Um and largely have our head in the sand and are ignoring the the the reality that we're spending far more than we're we're bringing in"
"Commercial real estate obviously is in terrible shape."
"The interest payments on U.S. debt this year exceeded the entire defense department spending"
"we're currently adding I think a trillion dollars to the deficit uh every roughly every hundred days"
"The rise in prices (inflation) is caused by government overspending, which increases the amount of money faster than the increase in goods & services output. That is the vast majority of the problem. Inflation was particularly bad during the Covid years, as there was massive government spending, despite productivity plunging, as people were forced to stay home. This is further exacerbated by excess regulation, which prevents the market from solving an unmet need (eg housing in high-demand areas). Occasionally, there is monopolistic behavior by companies, but this is relatively rare and usually only possible if those companies have gained control of their industry regulator. Again, a government, not private sector, problem."
"interest payments on the national debt just exceeded the defense department budget"
"So the key is we've got to reduce the government spending and if we don't, we're going to go bankrupt as a country."
"America's on a path to bankruptcy so we have to cut government spending"
"the interest on the national debt exceeds the defense department budget"
"the interest on the national debt now exceeds the Defense Department spending"
"the interest payments interest on the national debt now exceeds the entire defense department budget"
"government spending can be reduced um by about 3 or 4% of the economy about maybe a trillion dollars or more"
"The interest payments alone on national debt exceed the Defense Department budget"
"As it becomes clear that @DOGE is working, you will see the long-term Treasury bill yields fall. And all Americans will benefit from lower interest payments on mortgages, small business debt, credit card and other loans."
"Having world war level of national debt without fighting a world war is catastrophic. The @DOGE team is tracing and stopping the insane levels of waste and fraud very quickly."
"I never mentioned a specific dollar figure. Just said that I would see if the President wanted to consider a tax reduction linked to DOGE savings. He may or he may not. The amount would therefore obviously be proportionate to how much savings DOGE actually achieves. More savings would mean a bigger tax reduction! The top DOGE priority remains however reducing the deficit to stop inflation and lower people’s interest rates."
"that was a big wake up call for me was when the amount of money that we pay in national debt interest exceeded the Defense Department budget"
"I have come to the perhaps obvious conclusion that accelerating GDP growth is essential. @DOGE has and will do great work to postpone the day of bankruptcy of America, but the profligacy of government means that only radical improvements in productivity can save our country."
"Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill. In the entire history of civilization, there has never been legislation that both big and beautiful. Everyone knows this! Either you get a big and ugly bill or a slim and beautiful bill. Slim and beautiful is the way. https://t.co/RdlmTmoKej"
"if AI and robots don't solve our national debt, we're we're toast"
"to prevent America from going bankrupt is AI and robotics"
"the only thing that can solve for uh the debt situation"
"if we don't have AI and robots, we're all going to go bankrupt"
"Nothing else will solve the national debt"
"that is smaller than the interest payments on the debt"
"the only way we're going to solve the national debt is with AI and robots."