Author: Al Jazeera
Published on: 20/02/2025 | 00:00:00
AI Summary:
Donald Trump has proposed using some of the savings from Elon Musk’s cost-cutting drive to give Americans cash and pay down government debt. Trump said he is considering using 20 percent for payouts to the public and 20 percent to pay down the federal government’s $36 trillion debt. Trump’s suggestion came a day after DOGE adviser James Fishback proposed a “DOGE dividend” funded by the cost-cutting initiative. Fishback said every tax-paying household could be sent a $5,000 cheque assuming Musk’s task force saves $2 trillion by the time it finishes up its work. Musk, the world’s richest person, predicted he could find $2 trillion in savings. Most of the US federal budget goes to Social Security, Medicaid or Medicare that no one is touching. “While I am pretty sure that a serious look at the government bureaucracy could find valuable savings,” he added.
Original: 539 words
Summary: 143 words
Percent reduction: 73.47%
So Trump are going to start an UBI program? That was not on my bingo card
