Elon Musk Makes First Speech in Trump’s New Cabinet Meeting—Watch Full Address

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00:00And we would expect that, and that's the way it works.

00:03So I'd like to have Elon Musk please say a few words.

00:07Thank you, Elon.

00:08Mr. Musk.

00:09Thank you, Mr. President.

00:10Well, I actually just call myself a humble tech

00:13support here because this is actually, as crazy as

00:18it sounds, that that is almost a literal

00:22description of the work that the Doge team is

00:24doing, is helping fix the government computer

00:26systems.

00:27Many of these systems are extremely old.

00:29They don't communicate.

00:30There are a lot of mistakes in the systems.

00:32The software doesn't work.

00:36So we are actually tech support.

00:38It's ironic, but it's true.

00:42The overall goal here with the Doge team

00:44is to help address the enormous deficit.

00:47We simply cannot sustain as a country $2 trillion deficits.

00:52The interest rates, just the interest on the national debt

00:56now exceeds the Defense Department's spending.

00:59We spend a lot on the Defense Department,

01:01but we're spending over a trillion dollars on interest.

01:05If this continues, the country will

01:06go become de facto bankrupt.

01:09It's not an optional thing.

01:11It is an essential thing.

01:13That's the reason I'm taking a lot of flack

01:16and getting a lot of death threats, by the way.

01:18I like to stack them up.

01:20But if we don't do this, America will go bankrupt.

01:24That's why it has to be done.

01:27And I'm confident at this point, knock on wood,

01:30knock on my wooden head, there's a lot of wood up there,

01:36that we can actually find a trillion dollars in savings.

01:40That would be a roughly 15% of the $7 trillion budget.

01:45And obviously, that can only be done with the support

01:47of everyone in this room.

01:48And I'd like to thank everyone for your support.

01:50Thank you very much.

01:52This can only be done with your support.

01:55So DOJ is a support function for the president

01:59and for the agencies and departments

02:02to help achieve those savings and to effectively find

02:0615% reduction in fraud and waste.

02:12And we bring the receipts.

02:14So people say, well, is this real?

02:15Just go to DOJ.gov.

02:18Line item by line item, we specify each item.

02:21And I should say, also, we will make mistakes.

02:24We won't be perfect.

02:26But when we make a mistake, we'll fix it very quickly.

02:30So for example, with USAID, one of the things

02:33we accidentally canceled very briefly was Ebola prevention.

02:37I think we all want Ebola prevention.

02:39So we restored the Ebola prevention immediately.

02:42And there was no interruption.

02:45But we do need to move quickly if we

02:48are to achieve a trillion-dollar deficit

02:51reduction in financial year 2026.

02:55It requires saving $4 billion per day, every day,

02:59from now through the end of September.

03:02But we can do it, and we will do it.

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