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Market
Primary method used by DOGE to reduce national debt in 2025?
2
Resolution / Starting Odds
Reducing government workforce • 25%
Cutting departmental budgets • 25%
Increasing taxes • 25%
Other • 25%
Official statements or reports from the Department of Government Efficiency
Story
Elon Musk Comments on New Department Targeting $36 Trillion U.S. Debt
Nov 25, 2024, 01:40 PM
The newly established Department of Government Efficiency (DOGE) has begun evaluating possible cuts to the federal budget in an effort to address the national debt, which has soared to $36 trillion with trillions more in unfunded entitlements. The department aims to downsize staff and streamline current government departments, emulating the cost-cutting measures implemented by Elon Musk at Twitter. Under the Biden administration, the national debt increased by approximately $12 trillion, including $1 trillion in the past 100 days alone, with interest payments now consuming one in four dollars collected, compared to half that during the Trump administration. DOGE is considered by some as the key to saving America from bankruptcy, but there are concerns that entrenched interests will resist efforts to reduce the size of government. Elon Musk, commenting on DOGE, remarked, "I can't believe DOGE is real."
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Rescinding regulations • 25%
Reducing administrative overhead • 25%
Mass headcount reductions • 25%
Relocating government offices • 25%
Reduction in workforce • 25%
Program eliminations • 25%
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Reduction in workforce • 25%
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Streamlining processes • 25%
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Social Security • 25%
Medicare • 25%
Defense Spending • 25%
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Government-funded media • 25%
International aid projects • 25%
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Agency Elimination • 25%
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Budget Reallocation • 25%
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$1 trillion to $1.5 trillion • 25%
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Federal grants to universities • 25%
Federal telework policies • 25%
AmeriCorps and similar programs • 25%
Other government departments • 25%
