An anonymous crypto analyst calling himself Momentum Chaser has refuted claims that the US Department of Government Efficiency (DOGE) has saved $55 billion of taxpayer money by forcing the department to revise its figures.
The #DOGE website, headed by #Tesla founder #Elon Musk, shows that the federal government 55 billion in various funding cuts and shows cuts to several agencies. However, according to Momentum Chaser, the actual figure is much lower.
U. S. President Donald Trump has said that 20 percent of the money DOGE will "save" will go directly to taxpayers and another 20 percent will be used to pay down the national debt.
News outlets such as the New York Times and the Huffington Post have also taken notice of DOGE's figures. Despite the changes, DOGE claims that the final amount of the budget cuts is $55 billion, causing observers to worry about how much trust can be placed in the department tasked with cutting wasteful government spending.
Since the interim committee was formed, Musk has wasted no time. Without wasting time, he has identified and reduced areas of perceived waste in the federal government.
Musk claims he can reduce federal government spending by about $2 trillion at a rate of $4 billion a day. So far, he says he has cut about $55 billion.
the idea of a "DOGE dividend" was originally proposed to Site X by James Fishback, CEO of investment firm Azoria, who is rumored to be an outside advisor to DOGE. Under the plan, which Musk says he will show the president, $2 trillion would be divided among 79 million households, "net payers" of income tax, yielding a dividend of $5,000 per household.
While DOGE appears to be on track to reach its $2 trillion goal, some question whether the organization is accurately reporting how much it has saved.
Pseudonymous user X Momentum Chaser pointed out several errors in DOGE's calculations. First, an $8 million contract for the Department of Homeland Security was incorrectly listed as $8 billion.
However, DOGE reportedly miscalculated this amount as well.
Fourteen U. S.
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