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Home » Transcript of Elon Musk on Verdict with Senator Ted Cruz Podcast (Part 1)

Transcript of Elon Musk on Verdict with Senator Ted Cruz Podcast (Part 1)

Read the full transcript of Elon Musk’s interview by Senator Ted Cruz and Ben Ferguson for a discussion about D.O.G.E. and the first 50 days of the Trump Administration, premiered Mar 17, 2025.  

TRANSCRIPT:

Introduction at the White House

INTERVIEWER: Welcome. It is Verdict with Senator Ted Cruz, Ben Ferguson with you. And today is a really fun day, Senator, because we have a special guest and we’re in a special place. I’m going to let you do the rest of the intro.

INTERVIEWER: Well, we’re in the White House right now and we’re here with my friend Elon Musk, who really has not been doing much of anything, has not made any news, and nobody has noticed the impact. Welcome, Elon.

ELON MUSK: Thank you.

INTERVIEWER: Holy crap.

ELON MUSK: Yes. Wow.

INTERVIEWER: Let me just say never a dull moment. Never a dull moment. The first 50 days the President has spent in office over the top and the first 50 days you’ve spent, I don’t think there’s ever been anyone to have an impact the way you have.

Comparing Twitter to the Federal Government

INTERVIEWER: Well, let me start with a question. You know a lot about which was worse, the mess you found at Twitter or the mess you found in the federal government?

ELON MUSK: Well, it’s hard to compete with the federal government.

INTERVIEWER: What surprised you about the federal government? I assume you came in and assumed it was bad. Is it worse than you expected?

ELON MUSK: It is worse than I expected. But on the plus side, that means there’s more opportunity for improvement. So if you look on the bright side, there’s actually a lot of opportunity for improvement in federal government expenditures. Because it’s so bad, if it was a well-run ship, it would be very difficult to improve.

ELON MUSK: So now it’s like if people say, well, how will you figure out how to save money in the federal government? Well, it’s like being in a room where the walls, the roof and the floor are all targets.

INTERVIEWER: You shoot any direction. Yeah. And you’re going to join us. Wow.

ELON MUSK: I’m sure you would agree.

INTERVIEWER: So a lot of folks have talked about like, you can’t miss.

ELON MUSK: Yeah, this is going any direction.

Wasteful Government Expenditures

INTERVIEWER: A lot of the crazy expenditures, things like 2 million bucks for sex change surgeries in Guatemala, an essential, you know, transgendered mice and Sesame Street in Iraq, a lot of that has gotten attention. But some of the stuff you’ve told me about, like, tell us about computer licenses and government agencies.

ELON MUSK: Yeah. So most of what DOGE is finding, you don’t need to be Sherlock Holmes. It’s very obvious. Basic stuff. So in every government department, I say every because we’ve not yet found a single exception. There are far too many software licenses and media subscriptions, meaning many more software licenses and media subscriptions than there are humans in the department.

INTERVIEWER: Like you were saying, like an agency with 15,000 people might have 30,000 licenses?

ELON MUSK: Yes.

INTERVIEWER: And even of the 15,000 employees, a good chunk of them hadn’t used the license, had never logged on or used the application.

ELON MUSK: Yes. We found entire situations of software licenses or media subscriptions. There were zero logins, and yet we…

INTERVIEWER: Were paying for it.

ELON MUSK: Yes, the government was paying for thousands of licenses of software or media subscriptions, and no one had ever logged in even once.

Government Credit Cards

INTERVIEWER: Or like credit cards, you found the same thing with government credit cards.

ELON MUSK: We found that there are twice as many credit cards as there are humans. And I still don’t have a good explanation for why this is the case. And these are $10,000 limit cards. So it’s a lot of money.

INTERVIEWER: Is it incompetent that you’re finding, or is this like the biggest money laundering scheme in the history of the world that you’re finding?

ELON MUSK: Look, I think it’s mostly. If you say, look, what’s the waste to fraud ratio? In my opinion, it’s like 80% waste, 20% fraud. But you do have these sort of gray areas.

INTERVIEWER: Example.

Waste and Fraud Examples

ELON MUSK: Example would be, so we saw a lot of payments going out of treasury that had no payment code and no explanation for the payment. And then we’d try to figure out what that payment is, and we’d see that, okay, that contract was supposed to be shut off, but someone forgot to shut off that contract. And so the company kept getting money.

INTERVIEWER: Wow.

ELON MUSK: Now is that waste or fraud?

INTERVIEWER: Yeah, both. Both.

ELON MUSK: Yeah, yeah.

INTERVIEWER: You know, you’re getting something you’re not supposed to get.

ELON MUSK: You aren’t supposed to get it, but the government sent it to you, and nobody from the government asked for it back. Take for example, the $1.9 billion given to Stacey Abrams. A fake NGO.

INTERVIEWER: Utter insanity. Explain that story. That’s, that’s just corrupt. I think that’s paying off cronies at that point.

ELON MUSK: 1,000%.

INTERVIEWER: Yeah, yeah. And by the way, she knew, like when you get $2 billion, you don’t miss that. That’s not an accident.

ELON MUSK: Allegedly it was for like, you know, environmentally friendly appliances or something. And they’ve given like, like 100 appliances so far, which $2 billion. It’s a very expensive toaster.

INTERVIEWER: Wouldn’t help an appliance. That’s something. Zero fridge boy. It’s nice, right?

The Nonprofit Scam

ELON MUSK: Obviously one of the biggest scam portholes we’ve uncovered, which is really crazy, is that the government can give money to a so-called nonprofit with very few controls. And then there’s no auditing subsequently of that nonprofit. So this is with the 1.9 billion to Stacey Abrams.