The Elon Musk-led Office of Government Efficiency is making waves in Washington, DC, oppressing USAID and missions to make USAID and federal government more efficient. Doge’s money savings tracking tool is featured on the well-known US debt watch website. Tools, ‘Doge Clock” is listed on the top half of the US debt clock. This pays tribute to providing real-time data on national debt, trade deficits and other key economic indicators.
At the time of writing, Doge Clock shows that the agency has saved more than $64.7 billion. Musk responded to a post announcing the introduction of Doge watches, saying, “It’s not too far to save 0.1% of federal spending, but it needs to be at least 100 times higher.”
Doge is a temporary US government agency created by President Donald Trump in an executive order. The department is led by Elon Musk and has the clear purpose of reducing wasteful and fraudulent federal spending and eliminating excessive restrictions.
What are the current US government bonds?
According to the US debt clock, the current US citizen debt is $34.4 trillion, at $107,125 per American citizen. The US federal tax revenue figure is $5.016 trillion ($14,759 per citizen), and the federal spend figure is $7.02 trillion, creating a $2 trillion deficit.
The most expensive items on the federal budget are Medicare/Medicaid ($1.6 trillion), Social Security ($1.4 trillion), and Defense ($878 billion).
