Fox Business’ Dagen McDowell Mocks DOGE for Trying to Solve Deficit Using ‘Elon Musk Math’

Fox Business’ Dagen McDowell mocked the so-called Department of Government Efficiency for using “Elon Musk Math” to cut the federal deficit on Monday, scoffing at its savings to date.

McDowell’s comments came during a wide-ranging discussion over the economy, proposals from Trump allies to raise tax rates on high-earners, and the deficit.

“They [congressional Republicans] need to raise revenue, and they need to cut spending,” submitted Jackie DeAngelis. “You can’t go and leave, you know, spending at levels that are, you know, costing this country and then say to the people who are already paying 46 percent of the federal income tax that you need to pay more for services that you don’t get a benefit from because we want to recklessly spend. That just doesn’t work. It doesn’t sit well. It’s not part of how people traditionally view capitalism, I think, and they’ve got to do it. They’ve got to get the spending cuts done.”

After guest Daniel Newman added that higher taxes would add still more uncertainty amidst President Donald Trump’s trade wars, McDowell weighed in.

“It’s also the creep’s way out — and I use the word creep because they want to let the top rate creep up — the creepy way out of not cutting spending,” she argued. “And it’s just– the fact that we’re running more than a $2 trillion deficit this year, it will come in higher than Joe Biden’s last year in office. What is that likely, because the first six months of this fiscal year we ran a 1.3 trillion dollar deficit. So if you run that out just based on the first 6 months, we could have a 2.6 trillion dollar deficit this year. It’s absurd. Don’t tell me you can’t cut, don’t tell me you can’t cut!”

“Well DOGE came up about $850 billion short based on that last Cabinet meeting,” observed Newman.

“The $150 billion that DOGE has found in cuts, using Elon Musk math doesn’t– it is $9 billion short of our budget deficit last month, Lydia,” cracked McDowell. “That’s how out of control our finances are and borrowing.”

“To your point, Dagen, about what Elon Musk is doing — such a good thing for the country to get in there and leave his private job, his private enterprise, and devote his time to making sure our government is running more efficiently,” replied Lydia Hu. “But when he started off on that whole mission, he said his goal was $2 trillion, $2 trillion in cuts. And not to criticize him, but we’re not-, he hasn’t mastered that yet. He’s not even halfway there. So I think it’s easier said than done.”

Watch above via Fox Business Network.