Attention DOGE: Here's how the federal government spends Americans' tax dollars
As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion from the federal budget.
The duo have cited areas theyd like to target, such as the Internal Revenue Service, the Department of Education, the Federal Bureau of Investigation and the Nuclear Regulatory Commission. And they want to take a hard look at foreign aid, defense spending and the inaccurate payments the government sends to Social Security recipients and others.
But taking that big a chunk out of federal spending would be a tall order, experts say. Much of the money supports mandatory programs, which must be funded in accordance with existing laws. These include Social Security and Medicare benefits and interest on the federal debt.
Less than one-third of the federal budget in fiscal year 2024 consisted of discretionary spending, which Congress approves annually. Nearly half of discretionary spending goes toward defense programs, which are a sacred cow for many lawmakers.
https://www.yahoo.com/news/attention-doge-federal-government-spends-100043400.html
Stargleamer
(2,276 posts)when we already have enough to blow up the world several times over--how efficient was that?
Bernardo de La Paz
(51,506 posts)notinkansas
(1,122 posts)regarding billionaire tax cuts?
Bernardo de La Paz
(51,506 posts)magas must be led to see how the deficit club is used to benefit billionaires and not working stiffs like them.
Like memes.
SWBTATTReg
(24,433 posts)and cut our taxes by two trillion dollars, and see how roaring the Economy will get, when the rest of us get the money that these billionaires have (and can't literally spend it, too much even if they spent a $billion dollars a day for the next 400-500 days).
Something wrong in this Country when so much wealth in concentrated into the hands of so few. Musk just proved it by buying the presidency of the US for the next four years.
Bernardo de La Paz
(51,506 posts)One ultimately got resolved by a Great Depression and the other through violence.
FDR and Eisenhower chose a third way: the higher taxes that you propose.
Americans, choose wisely.
slightlv
(4,541 posts)knew this when we were in school. It's too bad education has been so defunded that it's finally down to republican levels. The no-nothings will be with us for generations now.
Figarosmom
(3,600 posts)To think there is wasteful spending they can cut. Yeah, no other administration has ever thought of that.
So to act like they found stuff to cut they will just shut down stuff with out looking to see what they do like shutting down the DoE because that department just teaches kids to be woke and grow up to be Democrats.
Deep State Witch
(11,409 posts)Eliminate a few bloated weapons programs. Do we really need more nuclear missiles? We haven't used the ones that we made in the '60's.