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Is DOGE ignoring the biggest chunk of missing federal money?
Is DOGE ignoring the biggest chunk of missing federal money?
Kay Perkins | kassidy.perkins@wtop.com
February 20, 2025, 3:55 PM
President Donald Trump has said that he believes billionaire Elon Musk will save the government hundreds of billions of dollars with his Department of Government Efficiency.
DOGE has claimed to have saved taxpayers about $55 billion. ... But only about $6 billion in cuts have been verified so far an almost infinitesimal fraction of the federal budget, which was $2.44 trillion in fiscal year 2025. ... It has been targeting what it calls wasteful spending. Some of these cuts have totaled nearly $1 billion, but most are under $20 million. ... Many of the programs in its crosshairs are related to foreign aid or diversity, equity, and inclusion initiatives.
Elaine Kamarck, who led a Clinton-era initiative that trimmed $136 billion, is not opposed to eliminating fraud and waste. But she is skeptical of DOGEs strategy. ... Her research at the Brookings Institutions Center for Effective Public Management showed that the biggest culprit behind missing federal money isnt the government itself its the American people. ... Lots and lots of people dont pay the amount of taxes that they owe, Kamarck said.
The IRS reported that Americans failed to pay an estimated $688 billion in taxes in 2023 alone. ... That amount of money could fund the federal governments biggest expenditure the Department of Defense with $100 billion still left over. ... Thats a lot of money. But you have to increase the size of the Internal Revenue Service, Kamarck said. ... Ironically, the Republicans in the last several congresses have refused to increase the number of investigators at the IRS.
{snip}
Kay Perkins
Kay Perkins is an associate producer at WTOP.
kassidy.perkins@wtop.com
202-895-5060
@kayperkins
Kay Perkins | kassidy.perkins@wtop.com
February 20, 2025, 3:55 PM
President Donald Trump has said that he believes billionaire Elon Musk will save the government hundreds of billions of dollars with his Department of Government Efficiency.
DOGE has claimed to have saved taxpayers about $55 billion. ... But only about $6 billion in cuts have been verified so far an almost infinitesimal fraction of the federal budget, which was $2.44 trillion in fiscal year 2025. ... It has been targeting what it calls wasteful spending. Some of these cuts have totaled nearly $1 billion, but most are under $20 million. ... Many of the programs in its crosshairs are related to foreign aid or diversity, equity, and inclusion initiatives.
Elaine Kamarck, who led a Clinton-era initiative that trimmed $136 billion, is not opposed to eliminating fraud and waste. But she is skeptical of DOGEs strategy. ... Her research at the Brookings Institutions Center for Effective Public Management showed that the biggest culprit behind missing federal money isnt the government itself its the American people. ... Lots and lots of people dont pay the amount of taxes that they owe, Kamarck said.
The IRS reported that Americans failed to pay an estimated $688 billion in taxes in 2023 alone. ... That amount of money could fund the federal governments biggest expenditure the Department of Defense with $100 billion still left over. ... Thats a lot of money. But you have to increase the size of the Internal Revenue Service, Kamarck said. ... Ironically, the Republicans in the last several congresses have refused to increase the number of investigators at the IRS.
{snip}
Kay Perkins
Kay Perkins is an associate producer at WTOP.
kassidy.perkins@wtop.com
202-895-5060
@kayperkins
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Is DOGE ignoring the biggest chunk of missing federal money? (Original Post)
mahatmakanejeeves
Feb 20
OP
Callie1979
(656 posts)1. The Defense budget is larger than 688 billion. nt
magicarpet
(18,078 posts)2. Yes sir-eeeee.....
The DoD's 2024 defense budget was signed into law on December 22, 2023 at $841.4 billion, slightly less than was initially requested.
Ranting Randy
(172 posts)3. Musk could save the taxpayers $20 Billion
Musk could save the taxpayers $20 Billion by repaying the $20 BILLION in taxpayer subsidies his companies have reportedly received.
It could be much, much, more than $20 Billion because as I understand it, the actual data have not been released.