Elon Musk had three months after the election to prepare DOGE with hundreds of legal advisors; he promised $2 trillion in spending cuts but recently downgraded to $150 billion for 2026 budget; Treasury statement data shows no evidence of actual spending cuts so far.

factualpending

Speaker

David Woo

Evidence Quote

It's gone from $2 trillion to $1 trillion... I cannot see any evidence of any spending cut so far

Source

David Woo: What Trump Started is Worse Than a Trade War | Odd LotsBloomberg Podcasts
Created: 8/11/2026, 7:05:28 AM

My Notes

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