Posted on 02/19/2025 5:32:58 PM PST by Strict9
U.S. President Donald Trump revealed on Wednesday that he’s considering sending 20% of the money saved by the Department of Government Efficiency advisory group to Americans.
“There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying down debt,” Trump said during his remarks at the FII Priority Summit in Miami Beach, Fla.
His remarks came after Elon Musk said in a post on X Tuesday that he “Will check
(Excerpt) Read more at cnbc.com ...
Trump did one of those stimulus bits in his first term as well. I forget if that one worked the same way, only going to lower income based on prior year return only, or not.
I remember seeing him on TV when he first brought that up. I laughed out loud because it immediately followed him saying that the US was not going to go socialist under his watch or something.
He did a couple of them, the last one before the election seemed like buying votes.
he pretty much has to do it now, people would revolt. ha
Trump sounds like a dumb populist. This will inflame inflation.
By the looks of things we don’t even know what we are running.
Use the other 80% to pay down. Hello?
It is a political stunt, but it is “our” political stunt.
But then the ~50% of the great unwashed that don’t pay taxes wouldn’t get any money and the demo-commies would go Whaaaa! Trump is paying off his billionaire buddies and shafting everybody else, Whaa!
And close to 60 million voters, the numbskulls that voted demo-commie, would believe the lie.
How about 100% goes to paying down debt. That will yield dividends in the long run that will far exceed a $5000 check.
It did, didn't it?
Retire Bonds.
Nothing pisses in a Bankster’s coffee more than paying off your debt and denying them their vig.
Yes, but I’d just prefer a different one since the country is so screwed financially. Interest payments on debt about a quarter of the budget now.
Parking a wrecking ball outside the FBI building would be a good one.
I’m in a tax bracket. I would get a percentage of my tax payment
Whatever you’re talking about means nothing
...which is already taking a big slice.”
The average federal rate of taxes is roughly 10%. So if they send it to you, $5000, they’re going to take back $500. They didn’t say they weren’t going to tax it.
Additionally, how many hands and eyes for signatures and the request being set up to send out to the people that cut the checks are there going to be. Keep it in the feds, and give me credit as an unamed number for getting it so I won’t be stuck with it for taxes. It’s like the penny. If it costs 8 cents to make it, is there a reason for making it? The Congressional Budget Office (CBO) projects that interest payments on the debt will total $952 billion in 2025 alone. We are trying to pay $1 trillion a year already since the middle of last year. And you see what inflation has done. We just fall further and further behind since congress can’t stop spending. Use the money for everyone.
wy69
If you owed more on the principle of your mortgage at the end of the year than you did at the beginning, would you say you were "paying it down"?
I don’t want it please. Pay down my kids debt. Ty.
No wonder so much of the old Democrat coalition supports Trump. He's adopted their "soak the rich" agenda.
A veritable Tip O'Neil "Republican".
I’m not talking of the socialist mantra. I am talking about these very wealthy people glomming into NGOs and non-profits that were funded by USAID. The leaders of BLM and their 5 mansions. The organizers of antifa. The women from Planned Parenthood selling baby parts as they munched salads. The people getting rich at Politico. Bill Krystol getting 20 million for his think tank.
There is a swath of the high net worth in this people unjustly gained wealth with the right inside connections to the government gravy train. That is who I was referring to.
Personally, President Trump should come out and tell the American taxpayer that because the federal government abused their tax dollars, no federal taxes will be taken away from them for the entirety of his presidency.
Of course, Democrat run states will then say that because there’s no federal taxes taken out, they can go ahead and raise their state taxes.
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