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Elon Musk: “If the fraud's only 10% of 7 trillion, you've got $700…”

Featuring: Elon Musk, Senior Advisor to the President, Head of Department of Government Efficiency | National

CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence

Published March 20, 2025 | Video Starts at 20:42

Like a conservative estimate of the 7 trillion would be 10% conservative. Probably a little higher than that. Yeah, exactly. Feels like a quarter out of every dollar. Right. But If the fraud's only 10% of 7 trillion, you've got $700 billion of fraud. Yeah. And by the way, it's like, really easy to take advantage of the federal government. It's very easy. Very easy. Look at Covid. (20:42–20:48)

CLAIM

Asserts that 10% fraud of $7 trillion in government spending equates to $700 billion.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Elon Musk

“Hundreds of billions of dollars [are] going to these so-called NGOs [that are] fundamentally anti-American.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 09:37-09:40
“I've had even like, people like President Bukele from El Salvador who managed to put in prison like 100,000, like, murderous thugs.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 15:23-15:32
“We just did like, a. Checked the database on Social Security, like, says, how many Americans alive, Americans eligible for Social Security…”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 18:54-19:07
“We found, like, one person in there is like 360 years old.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 19:13-19:18
“The fraudulent payments, the rough estimate from General Government Accountability offices is over $500 billion afford a year.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 19:54-20:05
“There was something like $200 billion of COVID payment fraud taken by fraudsters out of the country.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 21:05-21:12
“They took money from FEMA meant for helping Americans in distress and sent that money to luxury hotels for illegal immigrants in New York.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 22:28-22:39
“Even after the president signed an executive order saying it has to stop...$80 million last week to go to the Roosevelt Hotel in New York.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 22:47-23:03
“The Department of Justice...was suing SpaceX for not hiring asylum seekers.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 26:20-26:33
“Those astronauts were supposed to be up there for eight days and now they're up there for eight months.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 27:10-27:15
“The interest payments, interest on the national debt now exceeds the entire Defense Department.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 28:54-29:00
“President Milei has a gift for me.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 01:07-01:10
“This is the chainsaw for bureaucracy.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 01:41-01:45
“Doge started out as a meme. Think about it. Now it's real.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 02:58-03:05
“I mean, sort of the left wanted to make comedy illegal.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 03:54-03:59
“That's why it was so essential that President Trump win the election and...there'll be a Republican majority in the House and Senate.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 04:49-04:59
“They want to, you know, take away your guns.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 06:16-06:20
“A massive amount of your tax dollars is going to legacy media companies directly from the government.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 09:53-10:02
“All the sort of federal money going to media companies is what helps explain why the legacy media all says the same thing at the same time.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 11:02-11:18
“I talked to the President. He's supportive of [the idea of giving money back to taxpayers].”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 12:23-12:26
“As we're finding savings, that's going to translate directly to reductions in tax.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 12:30-12:36
“When you add caring and competence, where it was absent before, you can actually save billions of dollars, sometimes in an hour.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 13:26-13:38
“All this gold at Fort Knox, it's the public's gold. It's your gold.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 17:09-17:14
“A bunch of money is going out from the Social Security Administration and in fact, from all entitlements programs.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 19:45-19:51
“The Biden administration sent any possible money that they could...to facilitate and amplify illegal immigration.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 22:14-22:27
“The Biden administration was pushing to get in as many illegals as possible and spend every dollar possible to get as many.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 23:54-24:03
“They actually created the CVP1 voter app thing...they would literally fly people in.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 24:15-24:24
“We found that it was like a hundred million dollar contract given to some guy in London, actually.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 24:38-24:46
“They're flying illegals into the swing states.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 24:51-24:56
“The actions that we're taking with the support of the President and the support of the agencies is what will save Medicare, what will save…”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 28:21-28:30
“The line of engagement has barely moved for two years.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 30:42-30:46
“The amount of money that is being taken in graft and bribery is disgusting.”
CPAC Discussion with Elon Musk and President Javier Milei on Government Reform and Media Influence | Uploaded March 20, 2025 | 31:00-31:07