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TechFlow news, on January 31, Musk posted on X stating that to reduce the federal deficit for fiscal year 2026 from $2 trillion to $1 trillion, the projected 2026 spending would need to be cut by approximately $4 billion per day on average from now until September 30.
Although this would still result in a deficit of about $1 trillion, economic growth should match this figure, meaning there would be no inflation in 2026.
Musk posted on X, stating that to reduce the federal deficit for fiscal year 2026 from $2 trillion to $1 trillion, the projected 2026 spending would need to be cut by an average of about $4 billion per day from now until September 30. While this would still result in a deficit of approximately $1 trillion, economic growth should match this figure, meaning there would be no inflation in 2026.
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