Could $5,000 DOGE stimulus checks materialize? Here’s what we know.
Discussions of $5,000 stimulus checks from the Trump administration’s initiative to cut federal spending have emerged, but will they actually occur?
Former President Donald Trump and billionaire Elon Musk have proposed the notion of distributing some of the alleged savings from the Department of Government Efficiency to diligent Americans.
However, there are conditions attached to the proposed $5,000 stimulus checks.
For the concept to be feasible, DOGE must first achieve its $2 trillion savings target.
Additionally, there is seldom such a thing as free money.
Government programs and federal positions are being significantly cut. In particular, Musk has expressed interest in Social Security.
The world’s wealthiest individual referred to the entitlement program as a “Ponzi scheme.”
According to AARP’s 2023 analysis across the states, over 2.4 million Ohioans benefit from Social Security. Almost 50% of those aged 65 and older depend on it for half or more of their income.