Elon Musk’s Department of Government Efficiency (DOGE) reported $150 billion in savings, a drastically lower figure than the promised trillion dollars, representing only 15% of the initial goal. These savings, however, are largely inaccurate and misleading due to flawed calculations. The cuts have resulted in devastating consequences, including widespread job losses, significant damage to essential government services, and a deterioration of public safety and welfare. Ultimately, these minuscule savings will be largely offset by increased military spending.
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Treasury Department data reveals the Trump administration’s spending exceeds Biden’s by $155 billion in a comparable timeframe. Despite Elon Musk’s claims of $150 billion in savings through his Department of Government Efficiency (DOGE), analysis shows a net increase in debt and questionable accuracy in reported savings. Increased costs stem from rising Social Security payments and interest on the national debt, exacerbated by planned Republican tax cuts. Experts suggest that DOGE’s overall impact on federal spending remains minimal, pending further developments and court rulings.
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A Wall Street Journal analysis reveals a significant increase in government spending. The analysis of Treasury Department data shows outlays $154 billion higher in the current period compared to the same timeframe in 2024 under the Biden administration. This substantial rise occurred since the current administration’s inauguration in January. The findings highlight a considerable shift in fiscal policy.
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Rep. Jasmine Crockett criticized President Trump’s frequent golf trips to Florida, costing taxpayers an estimated $26 million by March 30th, with his latest trip exceeding $4.2 million. This spending, she argued, contradicts the administration’s purported focus on government efficiency, especially considering the concurrent firing of thousands of federal employees. Crockett’s remarks were made during a hearing on Trump’s proposed sale of government buildings, further highlighting the perceived hypocrisy of his spending habits. The president’s absence from the dignified transfer of fallen soldiers during his extended Florida stay added to the criticism.
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President Trump’s golfing expenses have surpassed $26 million since the start of his second term, exceeding $20 million more quickly than during his first term. This cost includes Air Force One travel, military transportation of his motorcade, and extensive security measures like marine patrols and bomb-sniffing dogs. The expenses are based on a 2019 Government Accountability Office report, which calculated the cost per trip in 2017 dollars; the actual cost is likely significantly higher. This substantial expenditure contrasts sharply with the president’s repeated claims of reducing government waste.
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Despite Musk’s claims suggesting otherwise, the current administration’s spending trajectory is alarmingly poised to exceed that of the Biden administration. This isn’t just a matter of differing opinions; the sheer scale of the discrepancy is becoming increasingly evident. The economic indicators paint a stark picture, far removed from the rosy pronouncements we’ve heard.
The current economic downturn is not a consequence of pre-existing market fluctuations. The strength of the US economy at the end of the Biden term served as a solid foundation. The current crisis is, quite simply, self-inflicted. Poor decision-making and a disregard for sound economic principles are driving the nation towards a fiscal precipice.… Continue reading
A new report reveals that Elon Musk’s cost-cutting measures within the Department of Government Efficiency (DOGE) are likely to increase, rather than decrease, the national deficit. Despite initial claims of $2 trillion in savings, actual savings are estimated to be far lower, around $2 billion. These cuts, particularly to the IRS, are projected to significantly reduce tax revenue, outweighing any purported savings. Furthermore, legal battles and the privatization of government functions are expected to generate substantial additional costs. The overall effect is a weakening of government functionality without fiscal improvement.
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This article is protected by copyright and is the property of Fortune Media IP Limited. Its use is governed by their Terms of Use and Privacy Policy. The FORTUNE trademark is registered, and the site may contain affiliate links. Finally, offers and information are subject to change.
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Voice of America staff being placed on indefinite leave with pay is a perplexing situation sparking a wide range of reactions. The decision seems counterintuitive; if the goal is to save money, why continue paying salaries without requiring work? Shutting down the agency entirely would appear more efficient, or alternatively, allowing staff to continue their duties would maintain some level of operational continuity. The current approach leaves many wondering about the underlying motives.
This indefinite leave with pay seems particularly puzzling considering previous attempts to reduce staff through buyouts were largely unsuccessful. It suggests the administration’s motivations extend beyond simply trimming budgets.… Continue reading
John Q. Hosedrinker 
Matt Underwood