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The grant, contract and budget cuts in federal agencies, together with the crippling reduction of tens of thousands of government opportunities, will end ‘in all likelihood’ increasing (by many), rather than distracting The deficit of the country, which was the declared setting, marks a new report.
Hatchet -man Elon Musk initially boasted that the Department of Government Efficiency (Doge) would carve $ 2 trillion from government spending -even the Trump administration works to reduce the country’s revenue by tax cuts that will largely fall to the rich by $ 4.5 billion. (The Republicans are also planning to increase military spending by $ 150 billion over the next five years.)
Now Musk claims that by the end of the year he can achieve half the goal – $ 1 trillion cuts.
It is impossible to know what has already been cut, as Musk’s “receipts” are relentlessly full of significant mistakes, which all seem to have saved much more than he actually has.
Jessica Riedl, a budget expert at the Manhattan Institute, recently estimated real savings at about $ 2 billion-a tenth of 1 percent of Musk’s original $ 2 trillion target, The Atlantic Ocean is noted in a report on Friday.
Forecasting markets right now expect A large total of $ 1 billion in saving.
Many of the tracks will actually costIncluding via the taxpayer salaries who go to an army of lawyers from the Justice Department who fights a cascade of court cases against the government’s disregard that many judges have already said seems to be illegal.
Damages of illegal shooting are probably also very expensive, along with buying and paying people on leave, who do absolutely no work for full salary, just so Donald Trump can keep them out of the office.
Some of the most massive costs are the major reduction in workers at the Internal Revenue Service, which is worth their weight in gold due to the tax they collect, the main source of income for the country.
The IRS has released a preliminary survey which shows that it expects revenue to fall 10 percent, or $ 500 billion due to a shortage of IRS workers and a tax in tax cheats, confident that they can get away with the violation of the law. Those losses will so far weaken any Doge savings.
‘The failure’ of the Doge business was ‘in advance’, says the Atlantic. “There is nothing almost $ 1 billion dollars to waste, fraud and budget abuse, despite Musk’s repeated statements to the contrary,” writes reporter Jonathan Chait.
Musk is also carving critical holes in government that must be filled at some point before private companies have to be revealed – if not, then, then others, with staff who probably paid much more than government workers. Some of Musk’s team of Doge reportedly makes six-digit salaries, while veteran workers get the ax.
Musk’s SpaceX is already taking on important tasks in the Federal Aviation Administration, and FAA staff members have been told that they are in the way, the risk of being fired.
Another hit can be felt for years by companies that lose their competitive advantage over businesses from other countries amid decimated federal funded research and development in medicine and technology.
In the end, Musk manages to enable “critical areas” of the government “to improve government’s fiscal position,” the Atlantic Ocean warns.
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