Washington
US President Donald Trump has said that his administration is considering dividing 20% of the remaining money left from the Department of Government Efficiency (DOGE). Apart from this, 20 percent of other money will be allocated to reduce the government’s loan.
In fact, Trump has entrusted Elon Musk the responsibility of Doge, who is constantly trying to save money from the government loophole. Addressing a meeting of global finance and technical officials organized by Saudi Arabian’s Sovereign Wealth Fund in Miami, Trump described the idea as a “new concept”.
Trump’s statement
Trump said, “We are considering a new concept, in which 20 percent of savings will be given to US citizens and 20 percent will be spent in repaying loans, as the figures are incredible. Many Arabs, hundreds of Arabs are being saved… So we are thinking about giving back 20 percent back to American people. ”
The idea came from businessman James Fishback, who shared a four -page figure on X on Tuesday. In which “DOGE dividend” was proposed. Musk responded to this and said, “I will talk to the President about it.”
Trump will distribute $ 400 billion to people!
In this fishback figure, it is proposed to allocate 20 percent of DOGE savings i.e. an estimated $ 400 billion to US $, so that after the end of the DOGE in July 2026, all tax-paying families can be distributed at 5,000 US dollars checks. Can
This estimated figure is based on Doge reaching a $ 2 trillion US dollar savings, which Musk is calling “best results”, and its first target is US $ 1 trillion. Trump’s statement came after Doge’s claim in which he claimed that he has saved billions of dollars since he took over on 20 January. The department, led by Musk, has aggressively cut government contracts, abolished government jobs and sell government properties as part of a widespread attempt to cut cost.
Trump has been cutting from jobs to rescue
According to DOGE, these steps taken resulted in saving US $ 55 billion. However, the agency acknowledged that the data to cancel the contract and end the contract is only a part of that total sum. The department said that it will continue to release data to confirm its savings claims.
Despite the claims of DOGE, there is doubt about its alleged financial impact. Partial data published by the agency was analyzed by Reuters and found that most of the identified savings were from abolition of relatively small contracts, including computers and workforce training contracts.
So far, this initiative has cut US $ 8.5 billion in government expenditure, with personal contract cancellations on an average of about 7.7 million US dollars. However, the widespread claim of savings of US $ 55 billion has not yet been completely calculated, which raises the question of how the remaining amount was calculated.
This is said about India
The initiative of cost cuts has not been untouched by controversies. Since its inception, Doge has made a radical change in the federal workforce, fired thousands of employees and closed major programs.
Earlier, Trump referred to India after signing the executive orders and said, “Why are we giving India $ 21 million to India?” They have a lot of money. He is one of the most taxing countries in the world in our case.