Democratic senator Elizabeth Warren is going hard after Elon Musk and his cost-cutting Department of Government Efficiency, aka DOGE—yes, like the meme coin—claiming that the new body “appears to be a venue for corruption.”
Warren wrote a personal letter to Donald Trump’s key ally and the richest person in the world. You can also see our suggested article A long list she has proposed could potentially save 2 trillion dollars over a ten-year period without cutting vital programs or raising taxes for the middle class.
Musk is now the CEO of DOGE, thanks to Trump. He gave it to him Last year, the department was in a similar position. Musk says the department’s goal is to reduce bureaucracy, and spend. Musk had planned to share the role of agency head with Vivek Raaswamy. However, Vivek’s Bitcoin-loving fellow billionaire left for Ohio to become governor.
DOGE has already been criticized by some politicians—and was A lawsuit was filed against you On the day of Trump’s inauguration,
Musk was slammed by Senator Warren and his department in an acerbic letter she sent to them on Thursday. “very serious concerns about both the DOGE process and the policies that you have publicly discussed to date.”
“As a result, the committee appears to be a venue for corruption, allowing well-connected billionaires to put government policies in place that enrich them while hurting ordinary Americans,” She writes
Warren argued that DOGE can save taxpayers money and the United States government a great deal of cash by finding other methods to reduce wasteful spending. She shared over 30 different ideas in her letter.
He said he could cut costs by improving the contract negotiations with defense companies, going after pharmacy benefit managers and clawing tax expenses back. This is just the beginning.
Musk’s DOGE isn’t saying much, aside from cutting budgets and staff. However this week You can also see our suggested article X, formerly Twitter, reported that the government may stop manufacturing the penny. Citing JM Bullion’s figures, the cost to taxpayers would be over $179,000,000 in just 2023.
It costs US taxpayers $179 million to produce a penny that costs more than 3 cents.
In FY2023, the Mint produced more than 4.5 billion pennys, or around 40 percent of the total 11.4 billion circulation coins produced.
You can get a penny or 3 cents! Your thoughts.
Sources:https://t.co/Y5LlrpyA62…
— Department of Government Efficiency (@DOGE) January 22, 2025
Senator Warren, arguably the most antagonistic American politician in relation to digital assets industry has been around for a long time. criticized the space, going after tax-dodging crypto users—along with the billionaire elite.
DOGE is a dog that appears to have been named after DogecoinElon Musk is the owner of this stock, DOGE. Favorite cryptocurrency. Trump began to sell t-shirts with Musk and Shiba Inu dogs after the official announcement of the agency in November.
Musk has repeatedly claimed that he is a skeptic You can claim your right to claim The original meme coin can be used to make payments. In recent months, the value of the cryptocurrency has risen as Musk went on the campaign trail in support of Trump before his appointment to lead the agency.
Edited By Andrew Hayward