Waste – Genesis Wealth Defense https://genesiswealthdefense.com There's a thin line between ringing alarm bells and fearmongering. Sat, 23 Nov 2024 12:45:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://genesiswealthdefense.com/wp-content/uploads/2024/09/cropped-Money-32x32.jpg Waste – Genesis Wealth Defense https://genesiswealthdefense.com 32 32 237551656 With One Statistic, DOGE Annihilates Any Doubts About the Need to Cut a LOT of Waste https://genesiswealthdefense.com/with-one-statistic-doge-annihilates-any-doubts-about-the-need-to-cut-a-lot-of-waste/ https://genesiswealthdefense.com/with-one-statistic-doge-annihilates-any-doubts-about-the-need-to-cut-a-lot-of-waste/#respond Sat, 23 Nov 2024 12:42:19 +0000 https://genesiswealthdefense.com/with-one-statistic-doge-annihilates-any-doubts-about-the-need-to-cut-a-lot-of-waste/ (America First Report)—There is a growing movement of Americans who are waking up to the fact that our government wastes an unfathomable amount of money. We’re not talking millions or even billions but TRILLIONS of dollars. Considering that most Americans consider a million dollars to be a lot of money and one trillion dollars is a million TIMES a million, the waste issue with the federal government is unavoidable.

The Department Of Government Efficiency (DOGE) will be headed up by billionaire Elon Musk and millionaire Vivek Ramaswamy along with oversight committees in both the House and the Senate. Their goal is to reduce government waste by a huge amount and they just posted something on 𝕏 that should silence anyone critical of the department’s formation.

In FY2023, the U.S. Government spent $6.16. trillion while only bringing in $4.47 trillion.

The last budget surplus was in 2001.

This trend must be reversed, and we must balance the budget.

The post has been seen by 6.5 million people so far thanks in large part to Musk himself reposting it with an ominous message:

America is currently headed for bankruptcy super fast

Balancing the budget would be impossible unless massive cuts are made. Some, including me, believe the federal government could be cut by over 50% and nobody other than the government employees themselves would notice a difference in their day-to-day lives. That may seem like overkill, but I would actually argue we could cut government size by over 90% with some austere maneuvers.

The Trump administration won’t come anywhere close to those levels of cuts, but we should expect huge reductions in government spending if DOGE is allowed to do what they’ve promised.

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