T
Surprise: DOGE didn’t actually cut spending.
Elon Musk rode a Cybertruck into DC declaring that he would cut up to $2 trillion in government spending. The reality: The federal government actually spent $220 billion more, up four percent for the year. In fact, spending was up almost across the board with only a few exceptions according to the Congressional Budget Office:
Other than student loans, the only major categories in which CBO said spending actually declined were the Federal Deposit Insurance Corporation, because it spent less resolving bank failures, and the Small Business Administration, because disaster-related loan costs in 2024 didn’t recur in 2025. - Wall Street Journal
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
- You could be taking way better photos on your phone
- With Switch 2, iPhone, and laptop tricks, the Sharge Disk Pro 2 is finally a worthy EDC
- The ban on robot vacuums won’t make them safer, only worse
- This tattoo is permanent, pain-free, and might soon come in the mail
- The US government just banned Roombas
