Elon Musk Tells Ted Cruz Government Has 'Magic Money Computers' That 'Make Money Out Of Thin Air'
"I call it 'Magic Money Computer': any computer that can make money out of thin air. That's magic money," Musk said while on Ted Cruz's podcast

Department of Government Efficiency (DOGE) head Elon Musk told Texas Senator Ted Cruz that he has found several "magic money computers" during his crusade to slash government spending.
Speaking on the senator's podcast, Verdict, Musk described what he means by the term: "You may think the government's computers all talk to each other, they synchronize, they add up what funds are going somewhere. And that they're coherent," he began.
However, he said that is not the case. "They're not totally wrong, but they're probably off by five or 10 percent in some cases. So I call it 'magic money computer': any computer that can make money out of thin air. That's magic money," the billionaire added.
An absolute bombshell from @elonmusk on the latest episode of Verdict.
— Ted Cruz (@tedcruz) March 17, 2025
He reveals there are 14 magic money computers in the federal government that send money out of nothing.
Don’t miss the latest episode of Verdict wherever you get your podcasts. Subscribe now!… pic.twitter.com/1tnJmJtiw9
Asked by Cruz to elaborate, Musk said the computers "just issue payments." He added that most of the computers are at the Department of Treasury, some at the Department of Health and Human Services and some at the Department of Defense. The agency he leads has been granted unrestricted access to all of them.
According to the Treasury Department's monthly statement for February, direct spending increased by $29 billion in an inter-annual basis. This is despite DOGE's claim that it saved a total of $105 billion in spending so far.
The increase is mainly explained by an increase in debt servicing, which reached $86 billion last month, and an increase in tax credits and related payments.
Originally published on Latin Times
© Copyright IBTimes 2024. All rights reserved.