Trump and Musk Advocate for Cost-Cutting via Major Job Reductions
The White House has directed federal agencies to create plans for the most extensive initiative to reduce government positions. This effort is part of President Trump’s cost-reduction strategy, dubbed ‘Doge,’ in collaboration with Elon Musk. At the president’s first cabinet meeting on Wednesday, Musk was in attendance. FOX 5’s Tom Fitzgerald brings you the details.
What they’re saying:
WASHINGTON – James Fishback, the founder of Azoria Partners, discussed the DOGE Dividend Checks with FOX News’ Dana Perino, explaining their implications, functionality, and eligible recipients. Here’s a snippet from that conversation:
Where are the savings generated by DOGE? [Paraphrased]
JAMES FISHBACK (JF): “Well, Dana, the savings are somewhat nebulous, but the crucial question is where this money will be allocated once we realize the savings from DOGE.
President Trump is off to a remarkable start. It’s been an incredible first month. Now, it’s essential to focus on the DOGE savings, as our proposal outlines, and return 20% of that directly to the hardworking Americans who sent it to D.C. in the first place, Dana.
They didn’t send it to Washington, D.C. for expenditures on projects like Iraqi Sesame Street or a transgender Opera in Colombia; they sent it for vital infrastructure, healthcare, and education.
That has clearly been neglected, so taxpayers are overdue for compensation; they need a refund, and I’m pleased that President Trump backs our proposal.”
READ MORE: $5,000 DOGE check? Trump endorses the concept of returning a portion of savings to Americans
Who will receive the DOGE dividend checks? [Paraphrased]
JF: “The plan is straightforward, Dana. We anticipate DOGE will yield $2 trillion in total savings. Taking 20% of that amounts to $400 billion. We then divide that by the number of American households that will be liable for federal income tax this year. That’s about $79 million.
As a result, every taxpaying household in America would receive $5,000 next summer. It would bear President Trump’s signature, because without his leadership, this wouldn’t be feasible.”
Will DOGE dividend checks contribute to inflation? [Paraphrased]
JF: “I would say no, and here’s why, Dana. Firstly, our economy is in much better shape compared to when President Biden issued stimulus checks indiscriminately. We were facing a significant labor shortage, supply chain issues, and those checks went to everyone, not just taxpayers.
Secondly, this funding stems from actual savings. For every $5 saved by DOGE, $1 is returned to diligent taxpayers. A 2019 CNBC poll indicated that 70% of Americans would utilize such a check to reduce debt, which is deflationary rather than inflationary. This is sound policy and good economics.”
Should individuals use DOGE dividend checks to reduce personal debt? [Paraphrased]
JF: “Absolutely, similar to how D.C. must rectify its own fiscal responsibility. The government should follow suit, which is why this proposal designates the remaining 80% to reduce the deficit and mitigate our national debt. However, hardworking American taxpayers are in need of a break and compensation.
The crucial aspect, Dana, is that we encourage them to report waste, fraud, and abuse. As President Trump remarked on Air Force One, it’s crucial to report waste, fraud, and abuse, Dana—because remember, the more DOGE saves, the larger their DOGE dividend check will be.”
Catch the complete interview online.
The Source: FOX 5 DC and FOX NEWS
