Dogecoin’s Future? Musk Targets ‘No Inflation’ with Massive Daily Reductions
Elon Musk updated on the progress of his Department of Government Efficiency (DOGE), aiming to reduce the U.S. federal deficit from $2 trillion to $1 trillion by 2026.
To achieve this, DOGE would need to cut about $4 billion per day in projected spending. Musk emphasized that while the deficit would remain, economic growth could offset it, preventing inflation by 2026.
DOGE, launched under a 2024 executive order, aims to eliminate wasteful spending, cut unnecessary regulations, and improve government efficiency. Musk has warned that continued deficit spending could threaten financial stability.
Clever Robot News Desk 2nd February 2025
