Tesla CEO Elon Musk has proposed the establishment of a "government efficiency commission" during a recent conversation with former President Donald Trump.

The discussion, which took place on Monday, Aug. 12, centered around the need to reduce government waste and improve the efficiency of taxpayer spending, and Musk's proposal was met with enthusiasm from Trump, who praised the entrepreneur's ability to cut waste effectively, as Breitbart reports.

Musk's initiative seeks to address concerns over government overspending and its impact on inflation.

During the conversation, Musk highlighted the importance of reducing government spending, particularly in light of the increasing national deficit.

He pointed out that the U.S. is currently adding approximately a trillion dollars to the deficit every 100 days. Musk emphasized that this level of spending is unsustainable and contributes directly to inflation, as government checks never bounce.

Trump Recounts Previous Efforts to Reduce Government Spending

Musk's concerns resonated with Trump, who agreed that government waste is a significant issue. Trump provided an example from his presidency, where he negotiated a $1.6 billion reduction in the cost of Air Force One with Boeing. The initial price was set at $5.7 billion, but Trump was able to lower it by refusing to accept the original deal.

Trump explained that his negotiation tactics could be applied on a larger scale across the federal government. By refusing to settle for inflated prices, he argued that significant savings could be achieved, reducing overall government waste.

Musk agreed with Trump's approach, suggesting that the efforts to cut costs could be multiplied across various government expenditures. He reiterated his willingness to help out on a government efficiency commission if such a body were formed.

Musk Stresses Impact of National Debt

In addition to addressing government spending, Musk also raised concerns about the growing national debt. He noted that the interest payments on the national debt have now exceeded the defense budget, reaching around a trillion dollars. According to Musk, this situation is unsustainable and poses a significant threat to the country's financial stability.

Musk's proposal for a government efficiency commission is intended to tackle these issues head-on by ensuring that taxpayer money is spent wisely. He argued that by cutting waste and improving efficiency, the government could reduce its spending and help curb inflation.

Trump echoed Musk's sentiments, agreeing that the current level of government waste is unacceptable. He pointed out that during his presidency, he made significant efforts to reduce unnecessary spending, and he believes that similar strategies could be applied today.

Potential For New Approach to Government Spending

The conversation between Musk and Trump highlighted the potential for a new approach to government spending. Both men agreed that a concerted effort to cut waste could have a significant impact on the national deficit and inflation. Musk's proposal for a government efficiency commission represents a concrete step in this direction.

Trump's willingness to support Musk's initiative indicates that there may be room for collaboration between the two on this issue.

With Musk's expertise in cost-cutting and Trump's experience in government, the proposed commission could bring about meaningful changes in how taxpayer money is managed.

Conclusion

Elon Musk's proposal for a government efficiency commission, aimed at reducing government waste and improving the efficient use of taxpayer funds, received a warm reception from former President Donald Trump during their recent discussion.

Both men emphasized the need to address government overspending, which they believe is a major contributor to inflation. Trump shared his experience in negotiating cost reductions during his presidency and suggested applying similar strategies across the federal government.

Musk's concerns about the growing national debt and interest payments further underscored the urgency of the issue.

The conversation highlighted the potential for a new approach to government spending, with Musk and Trump agreeing that a focused effort to cut waste could have a significant impact on the nation's financial stability.