Elon Musk Decimated the Government and Saved Almost Nothing

Elon Musk’s cuts may have “saved” the public less than half a percent of the national debt, but they are already making Americans poorer and sicker and forcing them to spend hours waiting on phone help lines.

President Trump Holds Cabinet Meeting

Elon Musk during a cabinet meeting at the White House in Washington, DC, on Thursday, April 10, 2025. (Shawn Thew / EPA / Bloomberg via Getty Images)


$150 billion: that’s the grand total of savings Elon Musk revealed last Thursday that he and his Department of Government Efficiency (DOGE) team are expecting to make after months of ruthless and often mindless cuts from a government the billionaire Trump megadonor claimed was riddled with fraud, waste, and graft.

To call this a monumentally unimpressive number doesn’t do it justice. Musk’s “savings” here — which are already error-ridden and inflated in the first place, created by totaling up spending that never actually existed or that was, alternately, either already cut or never actually was — represent just 15 percent of the trillion dollars he originally promised he would slash. It’s a mere one-fiftieth of what the federal government spent just last year alone, would shave off only one-tenth of one year’s worth of the average federal deficit over the past decade, and is a whopping less than half a percent of the overall $36.21 trillion of US national debt.

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