• 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

Justice Jackson sparks online uproar after linking birthright...

April 2, 2026

FBI warns some foreign apps could collect Americans’...

April 2, 2026

Trump-backed wife of RNC chair launches bid for...

April 2, 2026

Trump administration accused of violating court order by...

April 2, 2026

Pam Bondi already fired as attorney general, Cabinet...

April 2, 2026

What you need to know: 5 key takeaways...

April 2, 2026

Senate candidate ripped over ‘word salad’ response to...

April 2, 2026

Trump unleashes on Obama’s ‘disaster’ Iran nuclear deal,...

April 2, 2026

Senate passes bill to fund most of DHS...

April 2, 2026

Trump to address nation about Iran as he...

April 2, 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

  • Fetterman still enthusiastically supportive of Stefanik for US ambassador to UN: ‘Always was a hard YES’

    December 12, 2024
  • RH stock: 4 under the surface updates that warrant buying the dip

    April 1, 2026
  • EXCLUSIVE: Trump has achieved more in 100 days than ‘most presidents’ in their lifetimes, Johnson says

    April 28, 2025
  • Iran vows ‘decisive’ self-defense at UN after Trump kills supreme leader in Operation Epic Fury

    March 1, 2026
  • Trump’s inauguration celebrated by Candace Cameron Bure, more Hollywood stars: ‘God Bless America’

    January 21, 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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,461)
  • Investing (1,567)
  • Stock (1,011)

Latest Posts

  • GOP senator demands Cabinet invoke 25th Amendment against Biden after suspending his re-election campaign

    July 22, 2024
  • PETA protests Biden turkey pardon with ‘Hell on Wheels’ display, subliminal messaging to make people go vegan

    November 25, 2024
  • Kennedy family members denounce RFK Jr.’s decision to endorse Trump as a ‘betrayal of values’

    August 25, 2024

Recent Posts

  • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

    May 7, 2025
  • 9th ex-Biden aide appears before House Oversight investigators in autopen probe

    August 5, 2025
  • Canada ‘rage room’ lets visitors smash Trump, Vance, Musk portraits to release tariff angst

    March 18, 2025

Editor’s Pick

  • Oracle stock is offering its AI future for free today: find out more

    March 11, 2026
  • King Charles to address ‘increasing pressures of conflict’ in speech as Trump criticizes British PM on Iran

    March 8, 2026
  • Former FBI and CIA chief urges senators to sink Patel, Gabbard

    December 27, 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