Sunday, May 18, 2025

Musk will be leaving the federal government deeper in debt than when he started

There has been some speculation about what Elon Musk really wants out of the DOGE efforts. For example, lots of questions arise about his access to reams of government data on private citizens. Of course, the same can be said about how DOGE will increase the wealth of the wealthiest man on earth. 

But when it came to selling the public on DOGE, the message was clear. Here is what Musk promised last October during Trump's rally at Madison Square Garden.


Musk promised that he would cut $2 trillion from the federal budget. He said that our tax dollars were being wasted and DOGE was going to fix that. 

Three months later, Musk dropped that number in half, going from promising $2 trillion in cuts to $1 trillion. Now that he's heading back to try and rescue his failing companies, Musk is bragging about saving $160 billion. 

But there are a couple of problems with that number as well. Journalists who have studied the numbers provided by DOGE have consistently found inaccuracies, some of which are eventually corrected. Additionally, only about $69 billion has been itemized, with $16 billion being verifiable. Finally, those cuts are spread out over an average of three years. Caleb Acarma and Judd Legum found that DOGE's verifiable cuts to contracts and grants would produce about $5 billion of savings in fiscal year 2026.

Because numbers that large are hard to visualize, here's a graph of promises vs. reality:


But it gets even worse. Not only has total federal spending INCREASED by $156 billion since Trump took office,  there's also this:
DOGE, meanwhile, could end up costing the federal government $135 billion this year when accounting for the lawsuits its cuts have triggered and loss of tax revenue from a depleted IRS, according to the Partnership for Public Service, a good government nonprofit.

So in about 5 months we've gone from Musk promising to cut $2 trillion per year from the federal budget to adding something like $286 billion to the deficit (156 + 135 - 5). Meanwhile, approximately 260,000 federal workers have been fired, U.S. Aid has been demolished, the Departments of Education and Veterans Affairs have been gutted, and Social Security is being threatened (to name just a few).

Musk will be leaving the federal government in chaos and deeper in debt than when he started. Let's rename his efforts the Department of Techbro Incompetence (DOTI). 

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