Attention DOGE: Here's how the federal government spends Americans' tax dollars [View all]
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