Elon Musk’s ambitious projections surrounding his proposed cost-saving measures—once touted as a multi-trillion-dollar overhaul—are facing growing skepticism as the estimated benefits continue to dwindle. The tech mogul initially claimed that his initiatives involving the use of DOGE (Dogecoin) and other reforms would save the U.S. government at least $2 trillion. That figure later dropped to “$2TN,” then $1 trillion, and now reportedly stands at just $150 billion—a staggering reduction that has raised eyebrows across economic and political circles.
According to a recent report by The New York Times, even the revised $150 billion estimate appears to be significantly overstated. Analysts reviewing the numbers have pointed out discrepancies in the assumptions behind the projection, calling the methodology into question.
Compounding the issue, Musk’s proposed changes to federal agencies—particularly significant budget cuts to the IRS—are expected to cost the government billions in lost tax revenue. Experts warn that these cuts could seriously hinder enforcement and compliance, leading to greater deficits in the long run.
Critics argue that Musk’s ever-shifting figures reflect more wishful thinking than realistic fiscal planning. “To go from a $2 trillion promise to $150 billion, and then have even that questioned, shows a severe lack of transparency and accountability,” said one public policy analyst.
The controversy comes at a time when government watchdogs are urging closer scrutiny of Musk’s growing influence on public policy, especially given his track record of making bold, often unverifiable claims. What began as a futuristic vision for economic reform now appears to be mired in financial uncertainty and political backlash.
In the words of one observer: “What was pitched as a historic revolution is now looking more like a very expensive joke.”
