Billionaire Elon Musk, the promoter of the Department of Government Efficiency (DOGE), is still waiting for the US Congress to approve his Stimulus Payment initiative, which will provide taxpayers with a $5,000 deposit based on nearly $2 trillion in federal spending savings.
The proposal to return some of this money to US consumers was first made by James Fishback, CEO of investment firm Bay West Capital, and has piqued the interest of US President Donald Trump and Musk. The White House has approved the plan, which would award 20% of the DOGE savings, but Congress has yet to approve it.
When would the DOGE Stimulus Payment be approved?
There is a long way to go before such checks reach American families’ pockets. The plan would require Congressional approval, which is not guaranteed. Some lawmakers, particularly conservatives, are concerned about the inflationary effects of such a large sum of money.
Mike Johnson, Speaker of the House of Representatives, for example, proposed that the savings be used to pay down the national debt rather than distributed to citizens. “Politically, that would be ideal for us because everyone would receive a check. But when we consider our core principles, fiscal responsibility is what we do as conservatives.”
A NGO funded by taxpayer dollars that DOGE is investigating.
DOGE representatives visit US Institute of Peace, are turned away https://t.co/RX44tmmp8L
— MeandmyBostons (@MyBostonsX) March 16, 2025
Elon Musk rethinks DOGE Stimulus Pay
The billionaire’s plan aims to save the federal government $2 trillion. However, in a recent interview, Musk tempered expectations, stating that this figure would be the best-case scenario, with a better estimate of around $1 trillion. “I think if we try to get $2 trillion, we have a good chance of getting $1 trillion,” the politician said.
The timetable for achieving this goal is another unknown. The initiative DOGE has until 2026 to meet its savings targets, after which checks could be issued if the proposal gains enough momentum and political support. There is currently no date for its approval, as debates in Washington continue and savings must reach Elon Musk’s target figure.
Note: most are flagrant lies. Fabricated numbers by the ketamine Junkie, Musk.
Are DOGE, Elon Musk following the example of Iowa ‘useful pest’ H.R. Gross? | Opinion” on SmartNews: https://t.co/EMNiSwz3B2 #SmartNews— KeepDemocracyVoteBlue (@KMCINOHIO) March 16, 2025
Also See:- How to spot phony $1,400 IRS stimulus payment offers and protect your data
