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If the Trump administration can drastically reduce government expenditure, that will help take some of the load off of inflation and lending.


Figures from the Treasury Department show the federal government spent north of $6.7 trillion over the yearlong period that ended in September, running a deficit of more than $1.8 trillion during the time frame.


Trump is putting business minded people into positions to help reduce costs of duplication and waste, and also to find new innovation for productivity.


Will it happen? Time will tell.


"Your money is being wasted," Musk said to an enthusiastic crowd for Trump, adding, "We’re going to get the government off your back and out of your pocketbook." Musk’s proposal aligns with Trump’s campaign rhetoric of reducing federal expenditures and shrinking government intervention.


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