$5000 DOGE: The idea of $5000 stimulus checks from the DOGE sounds exciting, especially during tough economic times. DOGE, led by Elon Musk, is working to reduce government spending. As part of this effort, the agency has cut jobs and federal funds. The goal is to save $2 trillion, and if this target is met, 20% of the savings could go to American citizens as stimulus checks. Another 20% would be used to pay off debt.
So far, DOGE has saved over $100 billion, which is a big achievement. But it’s still far from the $2 trillion target needed to issue the $5000 payments.
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Not necessarily. James Fishback, CEO of Azoria, the investment firm behind the proposal, explained that the $5000 figure is not set in stone. The amount of the checks will depend on how much money the government actually saves.
Fishback told Newsweek, “This plan is not predestined to the $5000 figure. If the savings are higher or lower, the check will reflect accordingly. So if the savings are only $1 trillion, which I consider extremely low, the check goes from $5,000 to $2,500. If the savings is only $500 billion, then the check is only $1,250.”
In other words, the amount of the stimulus checks will vary based on the savings achieved. If the savings fall short of the $2 trillion target, the checks will be smaller.
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While the idea of $5,000 checks is appealing, it’s important to remember that this plan depends on DOGE reaching its $2 trillion savings goal. Right now, the agency is still a long way from that target. Even if the savings goal is met, the checks might not be $5000. The final amount will depend on how much money is saved.
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