Elon Musk's Government Efficiency Push Falls Short As Treasury Data Shows Spending Up Sharply Since Trump's Inauguration: Report
www.benzinga.com
Despite Elon Musk's claims that the Department of Government Efficiency has saved $150 billion, federal spending under Trump's second term has increased by $154 billion, driven largely by rising entitlement costs and debt interest payments, with limited short-term impact from DOGE's cuts.

Despite aggressive cost-cutting by the so-called Department of Government Efficiency, federal spending has reportedly climbed by $154 billion since Donald Trump returned to office.

Government spending is significantly higher under Trump’s second term compared to the same period in 2024 under Joe Biden, according to the analysis by the Wall Street Journal, citing the Treasury Department’s daily financial statements.

The increase—$154 billion—comes even as DOGE, led by Elon Musk, touts $150 billion in cost savings through job cuts, contract terminations, and the rollback of diversity and aid programs.

  • phdepressed@sh.itjust.works
    1·
    3 days ago

    Yes, but cutting a “big block” for instance social security doesn’t give any real sense of what it does economically.

    The average person seems to lack the ability to follow a cut to the social security block reducing payments and/or increasing retirement age much less the other downstream effects when millions of old people are suddenly spending less because they no longer have as much cash month to month. Once it occurs to someone they know, then they see it, once it happens to them then they care.