DOGE Stimulus Checks Update: Proposal Suffers Potential Blow [View all]
Source: Newsweek
Published Mar 12, 2025 at 11:42 AM EDT | Updated Mar 12, 2025 at 11:43 AM EDT
The proposal to issue $5,000 "DOGE dividend" stimulus checks to American taxpayers has encountered a potential setback, as recent fiscal reports indicate that the anticipated savings from the Department of Government Efficiency (DOGE) have not materialized. Newsweek reached out to DOGE via social media for comment.
Why It Matters
This initiative, endorsed by President Donald Trump and his billionaire backer Elon Musk, aims to give taxpayers a share of government savings. Supporters claim this could rebuild trust between taxpayers and the government, while opponents caution that it may lead to economic challenges, such as inflation and increased national debt.
What To Know
The Congressional Budget Office (CBO) reported a 5 percent increase in the federal deficit for February, with outlays growing by 7 percent compared to the same period last year.
The DOGE stimulus initiative, championed by investment firm CEO James Fishback, proposes allocating 20 percent of the department's savings to taxpayers and another 20 percent to national debt reduction. The plan suggests that DOGE could save $2 trillion over 18 months, enabling the distribution of $400 billion among approximately 79 million taxpayers, resulting in checks of $5,000 each.
Read more: https://www.newsweek.com/doge-stimulus-checks-suffers-blow-2043548
A dozen years ago, even the "architect" of "trickle down" admitted that it doesn't work.
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