• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

‘Saved the country’: CPAC attendees see silver lining after Elon Musk’s DOGE speech

by February 22, 2025
written by February 22, 2025

Elon Musk’s remarks at the Conservative Political Action Conference on Thursday drew praise from those who were pleased with the cuts being made by the Department of Government Efficiency (DOGE).

‘I wasn’t really that interested in being political. It’s just like there was at a certain point no choice,’ Musk said at the event in Maryland while wearing a black MAGA hat and sunglasses. ‘The actions that we’re taking, with the support of the president and the support of the agencies, is what will save Medicare, what will save Social Security.’

‘That’s the reason I’m doing this,’ he added. ‘Because I was looking at the big picture here, and it’s like, man, it’s getting out of control.’ 

‘A country is no different from a person,’ he continued. ‘[A] country overspends, a country goes bankrupt in the same way as a person who overspends usually goes bankrupt. So, it’s not optional to solve these things, it’s essential.’

Matthew Kochman, a New York Real Estate broker, said that DOGE cuts ‘probably saved the country from financial collapse.’ 

‘I thought it was all just common sense,’ Kochman said of Musk’s comments.

When attendees were asked about the proposal to use 20% of the money from the cuts across the board to go toward a stimulus check for American taxpayers, some raised questions about whether the funds should help pay down over $36 trillion in national debt. 

‘I’m not sure I agree with the sending money back. I would just assume money going to pay down our debt, because it is an existential threat,’ Angie Carrai, of Vienna, Virginia, said, adding that Musk’s comments have ‘tapped into what a lot of people feel’ about taxes being wasted on ‘ridiculous’ programs.

However, Kochman said he believes that taxpayers should get some of their money back but thinks it should also help pay off the debt.

Speaker Mike Johnson has also raised concerns about the pitch from Musk and Trump, saying that the United States needs to ‘pay down the credit card’ with the $2 trillion objective amount to be slashed through DOGE. 

Pat Dennis, President of the left-wing American Bridge 21st Century opposition research firm, told Fox News Digital after watching Musk’s remarks that he’s concerned about cuts to programs that benefit Americans.

‘He was talking about cutting programs that everyday Americans rely on, things like Medicaid,’ Dennis said. ‘The implication that massive percentages of these programs just can be unilaterally cut because they’re fraud is not real.’

‘People rely on these, voters rely on these, families rely on these, people in Republican districts rely on these,’ he added.

DOGE made headlines in recent weeks for taking aim at spending through the United States Agency for International Development (USAID) as well as grants doled out through various cabinet agencies. 

Fox News’ Peter Pinedo and Liz Elkind contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history
next post
DOGE takes a chainsaw to federal spending with 7 major victories this week: ‘Got to be done’

related articles

Tax season scams surge as filing confusion grows

February 1, 2026

Israel, Egypt coordinate reopening of Rafah Crossing in...

February 1, 2026

Trump says Iran ‘seriously talking to us’ as...

February 1, 2026

Amber Rose defends Charlie Kirk’s widow against online...

February 1, 2026

House Democrats mutiny Schumer’s deal with White House,...

February 1, 2026

State Department issues security alert amid ‘heavy gunfire’...

February 1, 2026

Noem touts TSA success after thousands with terror...

February 1, 2026

Hundreds rally outside Iranian UN ambassador’s Fifth Avenue...

February 1, 2026

Spencer Pratt says A-listers privately cheer his criticism...

January 31, 2026

IDF says Gaza strikes hit terrorists, weapons facilities...

January 31, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden ‘Politburo’ member Steve Ricchetti to appear before House investigators in Comer cover-up probe

    July 30, 2025
  • Tim Walz said he went to China ‘dozens’ of times, now his campaign says its ‘closer to 15’

    October 1, 2024
  • House Judiciary committee refers former CIA Director John Brennan to Justice Department for prosecution

    October 21, 2025
  • Oil and Natural Gas: The price of oil is back above $83.00

    July 12, 2024
  • Trump implies government could cut contracts and subsidies to Musk’s companies

    June 7, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,744)
  • Investing (920)
  • Stock (969)

Latest Posts

  • Trump claims ‘I don’t know her’ and ‘listened to’ RFK Jr about surgeon general pick getting MAGA pushback

    May 9, 2025
  • Harris accuses Trump of seeking ‘unchecked power,’ being ‘unhinged and unstable’

    October 23, 2024
  • ‘Dumb thing for her to do’: Rift between Harris and Biden camps causing internal disruptions, sources say

    October 15, 2024

Recent Posts

  • David Marcus: Meet the RFK Jr voters who could cause an earthquake in the 2024 election

    August 22, 2024
  • Commodity wrap: silver hits record high, gold rises after divided Fed rate cut; oil prices fall

    December 12, 2025
  • Trump to subject all contracts, grants through rigorous standards with DOGE executive order

    February 27, 2025

Editor’s Pick

  • Digital Social Security cards coming this summer

    June 9, 2025
  • Senate in limbo as Thune eyes long-haul until shutdown ends

    November 8, 2025
  • EURGBP and EURCHF: EURCHF is going lower and lower

    August 1, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock