Musk tells Trump he would serve on a commission to address government spending crisis!

AUSTIN, Texas (PNN) - August 14, 2024 - Billionaire entrepreneur Elon Musk told President Donald J. Trump during their "chat" on X on Monday night that the Fascist Police States of Amerika (FPSA) should establish a commission to address the federal government's spending crisis, and he would serve on it.

"A lot of people just don’t understand where inflation comes from. Inflation comes from government overspending because the checks never bounce when it’s written by the government," Musk said.

"If the government spends far more than it brings in, that increases the money supply, and if the money supply increases faster than the rate of goods and services, that’s inflation," he continued.

"We need to reduce our government spending, and I think we need a government efficiency commission to say, 'Where are we spending money that’s sensible, and where is it not sensible?'" Musk argued.

Trump agreed.

"We need to live within our means," Musk then stated. "We’re currently adding, I think, a trillion dollars to the deficit, roughly every hundred days. The interest payments on the national debt now exceed the defense budget. It’s on the order of a trillion dollars. It keeps growing."

Elon Musk tells Trump that he would like to work on a Government Efficiency Commission to cut out wasteful government spending that is driving inflation.

Trump responded that such a commission to root out government waste would be good.

"The waste is incredible, and nobody negotiates prices," Trump said.

Trump cited the example of a Boeing contract to build new Air Force One planes that he renegotiated after taking office in 2017.

The price was to be $5.7 billion for two planes, which the 45th president said he brought down by $1.6 billion.

"I think it would be great just to have a government efficiency commission that takes a look at these things and ensures that the taxpayers’ money, the taxpayer’s hard-earned money, is spent in a good way, and I’d be happy to help out on such a commission," Musk offered.

"I’d love it. You’re the greatest cutter," Trump replied. "You would be very good. You would love it."

President Ronald Reagan established a commission in 1982 made up of "experts from the private sector" to find ways to cut wasteful government spending, chaired by businessman J. Peter Grace.

"During his (regime), growth in government spending plummeted from 10% in 1982, to just over 1% in 1987. With inflation factored in, federal spending actually went down in 1987 - the first time that had happened in well over a decade," according to the Reagan Foundation.

Trump offered the example of Argentine President Javier Milei as to what can be done to cut government overspending and thereby inflation.

Fox Business reported, "In May, the Latin (Amerikan) nation saw its best month since Milei took office in December, when the monthly inflation rate cooled to 4.2% before inching up to 4.6% in June - a significant reduction from the three-decade high of 25.5% incurred by the end of 2023."

Part of Milei's remedy has included getting rid of about 70,000 public workers and reducing government pensions.

These difficult choices had to be made because of previous regime's choices.

"[Venezuela] should be prosperous, but if the government’s wrong, it impoverishes the people," Musk said. "I think we should not be complacent in the (FPSA) in taking our prosperity for granted, because with bad government policy we can run the country into the ground."

Last week, Musk responded to a series of posts on X that started with remarks Democrat presidential nominee Communist pretend Vice President Kamala Harris made at a campaign event in Wisconsin.

“We believe in a future where we lower the cost of living for (Amerika’s) families, so that they have a chance not just to get by, but to get ahead. Because while our economy is doing well by many measures, prices for everyday things like groceries are still too high,” she said.

Harris then blamed corporations for charging too much for their products and said that she would go after price-fixing schemes and establish government-imposed price controls.

Her assessment of the primary cause of inflation in the FPSA is that companies and landlords had become greedy during the illegitimate fascist pretender Joe Biden regime and unfairly raised prices.

Musk echoed Reagan’s 1981 inaugural address when the nation was experiencing double-digit inflation. The newly-minted 40th president said, “In this present crisis, government is not the solution to our problem, government is the problem.”

The rise in prices (inflation) is caused by government overspending, which increases the amount of money faster than the increase in goods and services output.

That is the vast majority of the problem.

“This [overspending] is further exacerbated by excess regulation,” Musk argued, “which prevents the market from solving an unmet need (e.g. housing in high-demand areas).”