• 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

Trump claims ‘I don’t know her’ and ‘listened...

May 9, 2025

Rubio just got an additional job in Trump’s...

May 9, 2025

Department of Justice opens criminal investigation into NY...

May 9, 2025

Trump’s first vice president urges his old boss...

May 9, 2025

White House highlights over $2B in savings from...

May 8, 2025

GOP talk on millionaire tax hike ‘makes no...

May 8, 2025

GOP senators: Congress should vote on Trump’s potential...

May 8, 2025

Trump considers tax hike on Americans making $2.5...

May 8, 2025

Chief Justice Roberts doubles down on defense of...

May 8, 2025

Trump pulls his nomination for DC US attorney,...

May 8, 2025
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 jokes about impending exit from the White House: ‘Looking for a job’

    August 14, 2024
  • Trump-Harris debate: Sen Rick Scott identifies ‘biggest thing’ that can help former president

    September 10, 2024
  • Discovery of ‘fraudulent’ voter applications prompts PA probe of Arizona company’s potential involvement

    November 1, 2024
  • Former Hamas hostage Naama Levy breaks silence in first message since her release

    January 28, 2025
  • National Grid Share Price: Share Forecast & Price Target

    August 13, 2024

Popular Posts

  • 1

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

    July 21, 2024
  • 2

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,435)
  • Investing (603)
  • Stock (735)

Latest Posts

  • Trump urged by ‘fiscal responsibility’ group to show he’s ‘serious’ about $36T debt

    March 4, 2025
  • Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries

    August 15, 2024
  • Solana and Cardano: Solana moves above the weekend high

    August 20, 2024

Recent Posts

  • Development of nuclear bomb 24 times more powerful than Hiroshima’s is ‘significantly ahead of schedule’

    April 9, 2025
  • SafeMoon and Litecoin: Litecoin retreating to a new low

    August 21, 2024
  • Trump announces MAHA advocate Casey Means will be new surgeon general nominee

    May 7, 2025

Editor’s Pick

  • Election Day in Wisconsin, Florida: What to watch as conservatives face a statewide electoral test

    April 1, 2025
  • Axed government watchdog says Trump has right to fire him

    March 7, 2025
  • Whitmer explains her Oval Office folder fiasco

    April 14, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

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