what is wrong with that. >> joe lavorgna. nothing is wrong, you think about how to save national savings you have potential great savings f doge, and increased production that david is talking about. you get a more balanced economy, lower consumption, it say win-win. larry: what would you do if you address house and senate conference together. would you say boys and girls bit moving on tax cuts. >> absolutely, you need to cut taxes, first thing that tariffs do is squeeze the margins of u.s. producers after they have currency affects we have to offset that people say you will bear the cost of the tariffs, not ifry offset it with tax cuts we could make it a pro-growth tariff because it pays for the tax cuts we're getting. >> joe lavorgna, you read about elon musk? in front page. he is serious about cutting spending. donald trump is serious about cutting. >> one thing, to add to where what john said, not just offsetting u.s. domestic producers but encouraging others to come to u.s. they will get cheap energy and pro business. la

joining me now, former national economic council chief economist, current smbc chief economist, joe lavorgnaase over and over and over again, and i think he's making it really convincingly. i want to show you, this is a great chart that essentially says doge, balanced budget, it's possible. if you took fiscal '24 using doge instead of 6.7 trillion, we would have spent 5 trillion. but the most intriguing part, the mandatory spending. everyone says you can't ever really cut the budget because of mandatory spending, but here we saw where they saved money on social security, medicare, medicaid to 424. when you see something like this, how enticing is it to you? is there a way to get some cuts out of mandatory spending? >> i love the fact it's very as aspirational a, we can aim high. i talk to a lot of investors who seem to be very possess mystic on -- pessimistic on doge, i don't understand why. expectations actually that government efficiency is real thing and we could save a lot. and i highlight the gao to, which is the congressional watchdog, they say in various studies anywhere or from $100-