Elon Musk: “The government waste and fraud is so high that it's causing…”

“You said to me in our last interview, we won't have a country unless we fix a it. Now, can you explain why this is so important that we identify all this waste? Yes, the government, sort of. The government waste and fraud is so high that it's causing a $2 trillion annual deficit. So that's 2,000 billion dollars of waste, waste and fraud that's happening. And the cost of our debt has gotten so high that, that just the interest payments on the debt exceed the entire military budget.” (15:49–15:57)

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.