Musk’s DOGE Slashes Federal Spending by $1B Daily—Eyes $3B Target

Musk’s Department of Government Efficiency (DOGE) reports saving the federal government $1 billion daily by eliminating unnecessary hires, dismantling DEI programs, and cutting foreign payments. Now, it’s setting its sights on tripling that figure to $3 billion.

DOGE’s $1B Savings Just the Beginning—$3B Goal in Focus

The Department of Government Efficiency (DOGE) claims to be reducing federal expenditures by approximately $1 billion per day, as revealed in a Jan. 28 post on social media platform X. These savings primarily stem from halting the hiring of non-essential personnel, removing diversity, equity, and inclusion (DEI) programs, and discontinuing improper payments to foreign entities. These actions align with President Donald Trump’s Executive Orders aimed at curbing government spending. DOGE shared on X:

“DOGE is saving the federal government approx. $1 billion/day, mostly from stopping the hiring of people into unnecessary positions, deletion of DEI and stopping improper payments to foreign organizations, all consistent with the President’s Executive Orders.”

Founded through an initiative led by Tesla and SpaceX CEO Elon Musk alongside businessman Vivek Ramaswamy, DOGE was established to address government inefficiencies. Ramaswamy played a crucial role in shaping its early strategies but later stepped away due to differences in long-term priorities and a desire to focus on his political and business endeavors. Meanwhile, Musk has remained a vocal advocate of DOGE’s mission, frequently criticizing excessive government expenditures. Reacting to DOGE’s progress, Musk simply posted on X: “Progress.”

Despite these initial achievements, DOGE aims to ramp up its impact. The department stated on X:

“A good start, though this number needs to increase to > $3 billion/day.”

Musk’s Warnings on Fiscal Stability

Looking ahead, DOGE is intensifying its cost-cutting measures, including a thorough review of federal agencies to identify redundant roles, further reductions in foreign aid that do not align with national interests, and the elimination of outdated or ineffective government programs. The department is also considering additional steps to streamline bureaucratic operations and enhance efficiency.

Musk has repeatedly expressed concerns over the nation’s financial trajectory, warning of the risks posed by escalating national debt and persistent deficits. When asked on X whether the U.S. could achieve a budget surplus within the next four years—a feat last accomplished in 2001—Musk replied: “It’s not out of the question.”

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