Elon Musk: “We spend a lot on the Defense Department, but we're spending…”

“The overall goal here with the Doge team is to help address the enormous deficit we simply cannot sustain as a country. $2 trillion deficits, the interest rates, just the interest on the national debt now exceeds the Defence Department spending. We spend a lot on the Defense Department, but we're spending like over a trillion dollars on interest. If this continues, the country will go become de facto bankrupt. It's not an optional thing. It is an essential thing.” (01:24–01:30)

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.