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Do you remember when we received small stimulus payments during COVID thanks to Donald Trump? There’s buzz about additional payments potentially coming our way, this time linked to DOGE.
Due to the Department of Government Efficiency cutting numerous jobs, there’s been a reported increase in cash flow. Elon Musk, a significant figure in the DOGE community, took to Twitter (or X, as he rebranded it after his lavish spending) to mention he’d discuss stimulus checks with President Trump soon.
Musk allegedly indicated the possibility of a $5,000 check being deposited into accounts. Trump has also addressed the matter at the FII PRIORITY Summit in Florida, saying, “We’re looking at giving back 20% of the DOGE savings to American citizens and 20% for debt repayment.”
However, if you’re eagerly waiting for that check, it may be wise to temper your excitement. As of now, we lack information on the timeline, amounts, and eligibility for these checks. The COVID stimulus checks were income-based; it’s unclear if these upcoming checks will follow the same guideline.
It’s worth recalling that Musk was critical of stimulus checks previously.
We might eventually see these checks, which would be beneficial for the over 7 million unemployed Americans, particularly those affected by Musk and his DOGE initiatives. Yet, there’s still uncertainty about the discussions’ outcome and the timeline for distribution. We’re likely not close to achieving DOGE’s targeted financial support for the government before American relief happens.
This could either turn out to be an empty promise, or perhaps we will see checks in the future. For now, though, we remain in the dark about when these stimulus checks might actually materialize.
