Elon Musk’s government efficiency push falls short as Treasury data shows spending up sharply since Trump’s inauguration: report

2 years ago by MicroWave to c/news

Despite Elon Musk's claims that the Department of Government Efficiency has saved $150 billion, federal spending under Trump's second term has increased by $154 billion, driven largely by rising entitlement costs and debt interest payments, with limited short-term impact from DOGE's cuts.

Despite aggressive cost-cutting by the so-called Department of Government Efficiency, federal spending has reportedly climbed by $154 billion since Donald Trump returned to office.

Government spending is significantly higher under Trump's second term compared to the same period in 2024 under Joe Biden, according to the analysis by the Wall Street Journal, citing the Treasury Department’s daily financial statements.

The increase—$154 billion—comes even as DOGE, led by Elon Musk, touts $150 billion in cost savings through job cuts, contract terminations, and the rollback of diversity and aid programs.

solsangraal 221 points 2 years ago
path: 0 16420278, hotness: undefined, score: 221, children: 13
Quill7513 44 points 2 years ago

it's all theft baybay. this is a kleptocracy and a kakistocracy at the same time

path: 0 16420278 16421060, hotness: undefined, score: 44, children: 0
GreenKnight23 16 points 2 years ago

when is every media outlet going to stop playing along with this stupid "saving money" narrative?

when the tech oligarchs are dead or no longer in power.

path: 0 16420278 16423886, hotness: undefined, score: 16, children: 0
psycho_driver 16 points 2 years ago

As soon as every media outlet isn't owned by an Oligarch

path: 0 16420278 16425933, hotness: undefined, score: 16, children: 0
yoshman 9 points 2 years ago

That's the neat part: they don't!

path: 0 16420278 16421571, hotness: undefined, score: 9, children: 0
nomy 7 points 2 years ago

I can't help but wonder who the fall guy is gonna be when the guillotines finally come out. When the rich (enough) have felt enough pain for it to trickle-up to their betters. fElon? Trump? Big Balls?

Who's going to be the albatross around the neck keeping America from being Great Again?

path: 0 16420278 16422920, hotness: undefined, score: 7, children: 7
schema 8 points 2 years ago

Don't think it's going to be Trump. Their power hinges on him and his cult. Plus, he is very easy to manipulate, so the perfect marionette.

Elon seems to be a better candidate to take the fall. His cult is somewhat fading.

But honestly they might just prop up one of their goons.

path: 0 16420278 16422920 16423324, hotness: undefined, score: 8, children: 5
Cethin 2 points 2 years ago

I think that's exactly why it's going to be Trump. His cult has too much power, which they want direct control over, and also he's old and will have served his purpose. If they can get his cult to ditch him for something more stable and under their control (The State or The Party probably), then that's what they'll want.

path: 0 16420278 16422920 16423324 16426178, hotness: undefined, score: 2, children: 4
Sanctus 5 points 2 years ago

That has never happened in history. When Trump dies, MAGA falls. Thats the crux of cults of personalities. They fall apart without The Guy.

path: 0 16420278 16422920 16423324 16426178 16432500, hotness: undefined, score: 5, children: 3
Ledericas 1 point 2 years ago

its going to be DOGE/elon, + any billionaires/cabinet members he will throw under the bus, its exactly like whats putin does, minus the Defenestration.

path: 0 16420278 16422920 16437294, hotness: undefined, score: 1, children: 0
harsh3466 3 points 2 years ago

This

path: 0 16420278 16421361, hotness: undefined, score: 3, children: 0
eric5949 115 points 2 years ago
path: 0 16419607, hotness: undefined, score: 115, children: 1
Ifrothgolf 2 points 2 years ago

Exactly, it has stopped since then!

path: 0 16419607 16433176, hotness: undefined, score: 2, children: 0
technocrit 95 points 2 years ago

Imagine believing that fascism has anything to do with saving money.

This kind of credulous reporting is a huge part of why we have fascism.

path: 0 16423029, hotness: undefined, score: 95, children: 9
A_Random_Idiot 44 points 2 years ago

Musks only intent, from the get go, wasnt cutting costs/saving money/fixing waste.

His only intent was to undermind, disarm, and dismantle the agencies that were either actively investigating him, or held power to do so.

path: 0 16423029 16423171, hotness: undefined, score: 44, children: 0
Olgratin_Magmatoe 28 points 2 years ago

My mom's been bitching about how she can't pay for her water bill because of immigrants. Meanwhile the city is just trying to play catch up on infrastructure that's been neglected for decades.

Her bill isn't going to get any cheaper, but hey, at least everyone gets to fear for their lives now.

path: 0 16423029 16423517, hotness: undefined, score: 28, children: 7
A_Random_Idiot 20 points 2 years ago

"God damn immigrants made my local government not do its necessary maintenance and upgrades for over 20 years, making me have to pay 20 extra dollars a month! GODDAMN THEM!"

path: 0 16423029 16423517 16423968, hotness: undefined, score: 20, children: 3
Olgratin_Magmatoe 19 points 2 years ago

Pretty fucking much. I've been arguing with her about (I know it's a waste of time but here I am).

Her evidence:

  • Some dude from the water company 10 years ago said her bills were high because of immigrants
  • Some right wing fuckwad posted a video on rumble interviewing who the fuck knows who, in NYC (we don't live in NYC), saying that the government was paying for them to have hotels and food

Mine:

  • 9 fucking audits of the water company's spending
  • a report from the auditor general of the state examining the neglect of the water system

But hey, "we each get to have our own conclusion" so fuck me I guess.

path: 0 16423029 16423517 16423968 16428360, hotness: undefined, score: 19, children: 2
A_Random_Idiot 18 points 2 years ago

I swear, ever since Obama won the presidency, I feel like the collective intelligence of the country plummeted, cause even the closet racists and "enlightened centrists" gave up any semblence of rationality to lean hard into the racism.. Which trump them came in and threw jet fuel on and lit with thermite.

path: 0 16423029 16423517 16423968 16428360 16428460, hotness: undefined, score: 18, children: 1
conditional_soup 2 points 2 years ago path: 0 16423029 16423517 16432322, hotness: undefined, score: 2, children: 2
Olgratin_Magmatoe 4 points 2 years ago

Fucking love me some Not Just Bikes & Strong Towns

path: 0 16423029 16423517 16432322 16433637, hotness: undefined, score: 4, children: 1
conditional_soup 2 points 2 years ago

Fuckin sick. I've joined my local strong towns group. Shit's dope as hell.

path: 0 16423029 16423517 16432322 16433637 16434041, hotness: undefined, score: 2, children: 0
djsp 73 points 2 years ago

In his first term, Trump increased both the budget deficit and total outstanding debt with his unsustainable fiscal policy. Now, his antagonistic and erratic trade policy is raising Treasury yields. He and his political project are brewing the very debt crisis they keep fearmongering about. The solutions they contemplate, like currency devaluation, messing with the Federal Reserve, perpetual or century bonds and a partial default on repayment obligations to China, further erode trust in the global financial system that underpins American power.

path: 0 16419674, hotness: undefined, score: 73, children: 0
Viking_Hippie 52 points 2 years ago

Only far right politicians (and pundits) can get the numbers over 200% wrong and not just keep their job, but still be lauded as fucking folk heroes 🤦

path: 0 16420079, hotness: undefined, score: 52, children: 10
huppakee 32 points 2 years ago

Their voters seem to only care about what these politicians say, rather than what they actually do.

path: 0 16420079 16420141, hotness: undefined, score: 32, children: 9
phdepressed 13 points 2 years ago

They're never going to hear this on fox much less conservative radio, or Sinclair much less farther right sources.

path: 0 16420079 16420141 16422432, hotness: undefined, score: 13, children: 7
huppakee 4 points 2 years ago

Proving my point about them caring about what politicians say, instead of figuring out what they do. But you're right, these people are being indoctrinated by the media they follow.

path: 0 16420079 16420141 16422432 16422571, hotness: undefined, score: 4, children: 5
phdepressed 1 point 2 years ago

Honestly, though governmental budgets are so beyond the pale for the average citizen and walking them through the downstream effects is probably not doable wih the average attention span.

path: 0 16420079 16420141 16422432 16422571 16422958, hotness: undefined, score: 1, children: 3
reiterationstation 1 point 2 years ago

They were indoctrinated by their church, the media reinforced it.

path: 0 16420079 16420141 16422432 16422571 16425825, hotness: undefined, score: 1, children: 0
reiterationstation 1 point 2 years ago

Which means we have to tell them. It might mean they don’t want to hang out with you anymore, oh no such a loss.

path: 0 16420079 16420141 16422432 16425808, hotness: undefined, score: 1, children: 0
Imgonnatrythis 3 points 2 years ago

It's not even that. Have you seen what they say? It's incomprehensible sludge that they contradict the very next day. All they really care about is that there is some consistent underlying tone that the people in power hate others that are "different" as much as they do. That's it. That's really all there is to the cult of Trump.

path: 0 16420079 16420141 16422164, hotness: undefined, score: 3, children: 0
finitebanjo 50 points 2 years ago

They also fired so many IRS employees that they're projecting a 500Bn Revenue loss.

path: 0 16426691, hotness: undefined, score: 50, children: 5
CalipherJones 16 points 2 years ago

Less IRS to go after billionaires. Theyll implement AI to make sure all the poors are taxed though.

path: 0 16426691 16432631, hotness: undefined, score: 16, children: 1
Phoenicianpirate 9 points 2 years ago

They will make sure that they are overtaxed, too. And make the appeals process cost money, meaning they'll have far less money and far less time to deal with the bullshit.

path: 0 16426691 16432631 16433144, hotness: undefined, score: 9, children: 0
Raiderkev 12 points 2 years ago

So much winning.

path: 0 16426691 16431977, hotness: undefined, score: 12, children: 1
aeshna_cyanea 8 points 2 years ago

well, yeah? They have a very simple and elegant strategy called "starve the beast" that they've been trying to do for decades and this appears to be it

path: 0 16426691 16431977 16432647, hotness: undefined, score: 8, children: 0
Zoboomafoo 6 points 2 years ago

They're offering a second round of paid-leave-to-quit at the IRS, and a lot more employees are going to take it this time around. There's not going to be many left.

path: 0 16426691 16433161, hotness: undefined, score: 6, children: 0
MehBlah 50 points 2 years ago

Its what the gop always does. Republican in charge spending soars. Democrat in charge spending decreases. Its been that way as long as I've been alive.

path: 0 16435116, hotness: undefined, score: 50, children: 10
Boddhisatva 8 points 2 years ago
path: 0 16435116 16440454, hotness: undefined, score: 8, children: 0
turnip -21 points 2 years ago

When did it decrease under the Democrats?

Clinton perhaps, after the USSR folded, I can't recall any other times spending fell.

I am curious given the money supply grows at 10% a year whether spending can fall relative to the past 4 years. It seems mathematically impossible given just the inflation in salaries and goods prices.

path: 0 16435116 16435531, hotness: undefined, score: -21, children: 8
tarius 11 points 2 years ago path: 0 16435116 16435531 16436737, hotness: undefined, score: 11, children: 6
turnip 1 point 2 years ago

Thats a good chart, so during recessions and emergencies the spending increases dramatically, then goes back to a normal path progressively upwards.

path: 0 16435116 16435531 16436737 16442581, hotness: undefined, score: 1, children: 5
shottymcb 6 points 2 years ago

Yes, and for some reason those recessions and emergencies happen when morons are in charge. Who would've guessed?

path: 0 16435116 16435531 16436737 16442581 16443973, hotness: undefined, score: 6, children: 4
InverseParallax 5 points 2 years ago path: 0 16435116 16435531 16437272, hotness: undefined, score: 5, children: 0
60d 31 points 2 years ago

So, they cut tons of services and research to give the money directly to DOGE and Elon. Cool.

path: 0 16433475, hotness: undefined, score: 31, children: 0
Gurei 29 points 2 years ago

Who's surprised by the guy responsible for a quarter of the deficit.

path: 0 16432424, hotness: undefined, score: 29, children: 2
Tja 10 points 2 years ago

Debt. Deficit is year by year, debt is the cumulative amount. Trump create one quarter of the total debt of the US in his first 4 years.

path: 0 16432424 16435057, hotness: undefined, score: 10, children: 1
Gurei 2 points a year ago

Thank you. 🌠

path: 0 16432424 16435057 16465873, hotness: undefined, score: 2, children: 0
nkat2112 27 points 2 years ago

Sieg Heiling Space Karen and Felon Drink Bleach are remarkable failures and idiots.

Increasing costs - all to very detrimental effect - with nothing but the spread of human misery to show for it.

path: 0 16421255, hotness: undefined, score: 27, children: 0
TinMod 25 points 2 years ago

So they stole it

path: 0 16433752, hotness: undefined, score: 25, children: 1
ameancow 4 points 2 years ago
path: 0 16433752 16454289, hotness: undefined, score: 4, children: 0
huppakee 25 points 2 years ago

It's that damn military show they're preparing for his birthday

path: 0 16419742, hotness: undefined, score: 25, children: 8
GeeDubHayduke 23 points 2 years ago

Well, that, and the unexpected uptick in deportations to fucking everywhere, Narnia included. It's expensive, shoving all those kids into a fucking dresser. They scream a lot, and the poor agents need lots of vacations to recover.

Additionally, burning most of the air traffic controllers at the stake probably doesn't have anything to do with a dozen mid air collisions on the daily. That's all free anyway, thank god.

And launching all the irs agents into that volcano? Yeah, we probably shouldn't have done that, but hey! Big Balls won $50 on a scratchy! That'll help offset!

And sucker punching every person, in every country that's ever bought or made anything outside murica? It was pretty funny, but that's gonna sting soon.

And we never made any fucking money on tourism, so it's fucking GREAT that nobody ever comes here now!

Which means all those people at the national parks were obsolete, so fucking dump them!

And disaster recovery? After a disaster? Sorry, we can't. You don't think Big Balls won on his first scratchy, do you? That's cute!

path: 0 16419742 16421005, hotness: undefined, score: 23, children: 4
Reverendender 6 points 2 years ago

How do I get deported to Narnia?!?!?!

path: 0 16419742 16421005 16422847, hotness: undefined, score: 6, children: 3
technocrit 1 point 2 years ago

You gotta hang around in your rich aunt's wardrobe or something like that.

path: 0 16419742 16421005 16422847 16423048, hotness: undefined, score: 1, children: 1
Reverendender 1 point 2 years ago

I have a rich aunt?!?!?!?

path: 0 16419742 16421005 16422847 16423048 16423102, hotness: undefined, score: 1, children: 0
GeeDubHayduke 1 point 2 years ago

Don't want to. Ask for asylum from Narnia because they hate you and wanna execute you.

path: 0 16419742 16421005 16422847 16423028, hotness: undefined, score: 1, children: 0
TachyonTele 7 points 2 years ago

Hoping he becomes the next tank man.

path: 0 16419742 16420022, hotness: undefined, score: 7, children: 2
4am 1 point 2 years ago

They didn’t run over tank man

path: 0 16419742 16420022 16423072, hotness: undefined, score: 1, children: 1
TachyonTele 3 points 2 years ago

They can start with trump then.

path: 0 16419742 16420022 16423072 16423092, hotness: undefined, score: 3, children: 0
mjhelto 16 points 2 years ago

I'm so glad we couldn't fund all those aid programs with the money already set aside under the guise of cOsT sAvInGs so they still ended up increasing spending. Can we start asking them when they'll start hiring all the people back since we can now see how inefficient this administration is. I know the answer to that but one can only dream.

path: 0 16425613, hotness: undefined, score: 16, children: 0
HubertManne 16 points 2 years ago

more spending with less to show for it. Getting less for more.

path: 0 16426946, hotness: undefined, score: 16, children: 1
DoubleSpace 6 points 2 years ago

Some select few are getting a lot more though.

path: 0 16426946 16432928, hotness: undefined, score: 6, children: 0
sporkler 13 points 2 years ago

He forgot to carry the minus sign when calculating how much he saved. You can tell the products he has direct input on designing, either that blow up, panels fall off, they run over toddlers, or they turn into a paperweight.

Or sometimes multiple outcomes are possible

path: 0 16432114, hotness: undefined, score: 13, children: 0
Treczoks 13 points 2 years ago

Spending and deficit going up is a staple of a Republican government.

path: 0 16456026, hotness: undefined, score: 13, children: 1
13igTyme 4 points 2 years ago

"Fiscally Conservative"

path: 0 16456026 16456937, hotness: undefined, score: 4, children: 0
NigelFrobisher 13 points 2 years ago

They know the price of everything and the value of nothing.

path: 0 16454371, hotness: undefined, score: 13, children: 0
Red_October 11 points 2 years ago

It's almost like cutting spending was never the actual plan, and they were more likely using that as a smokescreen for ideologically guided attacks on institutions they disagreed with.

path: 0 16456692, hotness: undefined, score: 11, children: 0
phoenixz 10 points 2 years ago

Soooooo whatcha spending it all on, Cheeto? Elmo, you?

And of course Elmo didn't really make anything more efficient, he just looked at the government like an engine, took out the oil and gasoline filter, cuz only pussies use filters , took out three out of 6 cylinder because those three cylinders can just work a little harder, he took out the spark plugs because we don't party at the government, we just work hard, and he took out the clutch a nf gears because he's the world's greatest engineer, right? The engine then obviously never started again but that isn't the point, it's much lighter now, not?

Elmo are workds greatest engineer, yay!

And a large group of people actually applauded

Oh, did I mention that an enormous amount of money that elmo possesses he got from those same government for doing shit he never did? Three billion dollars to get us ready to go to Mars and for that we've seen Elmo blow up a banana over the Indian ocean. As ridiculous as they sounds, that's literally what we got.

Meanwhile Elmo has secrets been killing all the organizations that should control and or stop him, and nobody had batted an eye because that's the world we live in

Fuck Elmo, fuck Tesla, fuck spacext and fuck Elmo defenders. No, SpaceX is not an actually great company, it's a scam company, just like Elmo is.

path: 0 16425285, hotness: undefined, score: 10, children: 1
Phoenicianpirate 1 point 2 years ago

Also his tech 'geniuses' are a bunch of kids whose knowledge of computers and networks only extends to being able to facilitate cybercrimes. 'Big Balls', that 19 year old punk, absolutely did tech support for cybercriminals when he was in high school. They don't know jack shit about computer science and sure as HELL do not understand the complexity of dealing with a massive system like the Social Security database.

I studied CS on my own time for years and even took a web dev bootcamp (still didn't get the job, sadly), and even looking at their bullshit attempts at 'modernizing' the older database is heart-attack inducing. I remember when I was in bootcamp we all had to make a brand new site from scratch, but they also made it clear that in the real world it is a rare occasion that we actually get to make a brand new site for a client, and almost always we will be working with a massive existing site that can have a massive combination of old and new coding that has been around since forever.

Take some sites like Amazon or eBay. They've been around since the 90s. You think the website was once taken down in its entirety and had something entirely new made? That didn't happen. They were built slowly over time, tweaked, improved, had the substitute newer parts slowly and steadily integrated before taking over the older stuff.

But something like the SS database is something far, far larger and far far more important than either eBay or Amazon. If something goes wrong with amazon and I lose my ancient account, then so what? I can just make a new account, and I won't be impacted. Hell, it might be a good thing since as a privacy guy, I would like it if I could have all my previous purchases purged from time to time. But I do not want shit from the government that I absolutely need as long as I live (and even for relatives who would survive me) destroyed like that on a big 'whoopsie!'

path: 0 16425285 16449963, hotness: undefined, score: 1, children: 0
selkiesidhe 8 points 2 years ago

I am shocked. Shocked! It's almost like they lied just to get more rich like greedy MFers...

But that can't be right. Right, MAGAts? Right, scumbags who didn't bother to vote?

path: 0 16454570, hotness: undefined, score: 8, children: 0
Toneswirly 8 points 2 years ago

its hard to imagine they put Elon's Musk in charge to actually see results. Lonnie was given a hatchet to erode civil liberties and take care of Dumpy's enemies and in exchange Musky Boy gets the power he always wanted to do the same. The system is working as intended here, the increase in spending is par for the course with Republicans; Reagan pulled the exact same shit and they lauded him for it.

path: 0 16432543, hotness: undefined, score: 8, children: 0
Fingolfinz 8 points 2 years ago
path: 0 16435798, hotness: undefined, score: 8, children: 0
blazeknave 6 points 2 years ago

Friend in fedramp at tier 1 infra company said DHS is issuing POs like hot cakes in fear of losing budgets

path: 0 16433736, hotness: undefined, score: 6, children: 3
BlindFrog 2 points 2 years ago

POs?

path: 0 16433736 16435171, hotness: undefined, score: 2, children: 2
trogon 4 points 2 years ago

Purchase Orders.

path: 0 16433736 16435171 16435279, hotness: undefined, score: 4, children: 0
Neverclear 3 points 2 years ago

Purchase Order

path: 0 16433736 16435171 16435266, hotness: undefined, score: 3, children: 0
yarr 3 points 2 years ago

Sure, are you going to believe the numbers out of the Treasury? Probably fake news by the Democrats and things are better than ever under DJT!

path: 0 16454465, hotness: undefined, score: 3, children: 2
andallthat 5 points 2 years ago

it's so sad that I can't tell if you're being sarcastic or not.... this sounds too much like a real thing that would now come out of official government communications.

path: 0 16454465 16456187, hotness: undefined, score: 5, children: 1
yarr 2 points a year ago

That's part of the problem with this administration. It's not that I disagree with their reasoning or their use of facts or figures. It's that they don't have any solid reasoning and facts and figures are misinterpreted or deliberately ignored. Even worse, they have taught their fans that if any facts aren't convenient, you can safely ignore them. Basically, the perfect recipe to make our country a joke.

path: 0 16454465 16456187 16461229, hotness: undefined, score: 2, children: 0
news
news

@lemmy.world

login for more options
39552
40360
9697

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.

Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.

Posts must be news from the most recent 30 days.


6. All posts must be news articles.

No opinion pieces, Listicles, editorials, videos, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.

If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.

All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

go to feed...