• 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

Celebrity chef lashes out at Trump for changing...

April 3, 2026

What B-52 bombers bring to Iran fight —...

April 3, 2026

GOP targets transgender animal testing in defund demand...

April 3, 2026

WATCH: President Trump reveals families of slain US...

April 3, 2026

VP Vance to meet with Viktor Orbán in...

April 3, 2026

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
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

  • Egg prices are falling, with a dozen now less than $5

    March 14, 2025
  • Trump has higher favorability numbers than Taylor Swift, poll finds

    September 20, 2024
  • Jeffries accuses Republicans of ‘voter suppression’ over bill requiring voter ID, proof of citizenship

    February 10, 2026
  • Left-wing billionaires bankroll Dem super PAC plotting to win back working-class voters: ‘This is a priority’

    February 4, 2025
  • Ceasefire disputes between Israel and Hamas, Hezbollah throw region into turmoil

    January 26, 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 (8,466)
  • Investing (1,569)
  • Stock (1,012)

Latest Posts

  • India launches strikes on terrorist camps in Pakistan

    May 6, 2025
  • Canadian PM Justin Trudeau to announce resignation as early as Monday: report

    January 6, 2025
  • Dogecoin and Shiba Inu: Dogecoin has slowed its recovery

    August 14, 2024

Recent Posts

  • Trump trolling Canada as 51st state could boost Democrats with ‘blue-state behemoth’

    January 7, 2025
  • Trump announces new picks including deputy director of the CIA, chief Pentagon spokesman

    February 4, 2025
  • Evening digest: Bitcoin bleeds below $88K, Trump’s Davos speech, JPMorgan’s big warning

    January 22, 2026

Editor’s Pick

  • Dems seek retaliation over GOP cuts as Thune calls for ‘cooperation’ on funding vote

    July 22, 2025
  • China sentences journalist for espionage after he was detained while eating with Japanese diplomat

    December 1, 2024
  • ASRA NOMANI: This is the woke army plotting to crash Trump’s inauguration

    January 16, 2025
  • 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