Will Trump/Elon actually decrease deficit spending by more than 1T?
96
1kṀ39k2029
4%
chance
1H
6H
1D
1W
1M
ALL
According to https://fiscaldata.treasury.gov/americas-finance-guide, we spend 6.75T per year, up 10% from last year. We take in as taxes 4.92T as tax revenue.
Elon musk has said that he wants to cut the govt spending by "at least 2t" https://thehill.com/business/4966789-elon-musk-skepticism-2-trillion-spending-cuts/, https://economictimes.indiatimes.com/news/international/world-news/elon-musk-claims-he-can-cut-2-trillion-from-us-budget-at-donald-trump-rally/articleshow/114672947.cms?from=mdr .
"The amount by which spending exceeded revenue, $1.83 trillion in 2024, is referred to as deficit spending."
Resolution: By the end of Trump's term, will the quoted number on fiscaldata.treasury.gov for deficit spending be less than 0.83T
This question is managed and resolved by Manifold.
Get 
1,000 to start trading!
1,000People are also trading
Related questions
Will Trump & Elon cut >250,000 government employees in 2025?
17% chance
Will the US national debt surpass 42 trillion during Trump's presidency?
69% chance
Will Trump sign a bill by the end of 2025 with a total cost of at least $N over 10 years according to the CBO?
Will Trump reduce the trade deficit in his first year?
31% chance
Will Trump balance the budget before 2027?
3% chance
Will Trump halve the trade deficit in his first year?
4% chance
Will the federal budget AND deficit AND national debt be higher when Trump ceases being president?
78% chance
Will Trump call Elon retarded by the end of 2025?
9% chance
Will total national debt increase more during Trump's presidency than Biden's? (in trillions of $)
95% chance
Will the FY2028 deficit be lower than the FY2024 deficit?
30% chance