Trump proposes distributing $5,000 payments using DOGE savings

In a summit held in Miami, President Donald Trump announced he was exploring the idea of sending $5,000 payments to American taxpayers, funded by savings harvested from DOGE. This initiative includes a suggestion for distributing 20% of the DOGE savings to citizens and applying the remaining 20% towards reducing government debt. Local economists greeted the idea with skepticism, with some believing it to be a politically motivated maneuver rather than a genuine effort to aid the public financially. Boston University economist Jay Zagorsky cited concerns over the practicality of the plan, doubting that DOGE could lead to reductions in government spending amounting to $2 trillion. He emphasized that attempts to distribute large checks to the population could spur inflation, particularly as the Trump administration was already implementing tariffs, which are known to increase the costs of goods and services. Critics of the plan also emerged, voicing their reservations about the necessity and timing of such payments. Some argued that the economic situation no longer warranted this type of financial handout and expressed their opinions on its potential to manipulate public sentiment in favor of the president. Many citizens have shifted their focus towards genuine solutions for the nation’s economic problems rather than temporary financial incentives. Overall, while the concept of DOGE dividends has intrigued a portion of the public, it has equally encountered a wave of skepticism regarding its viability and potential adverse economic effects. The mixed reception underscores the complexity of using cryptocurrency savings for governmental financial initiatives as America grapples with its long-term economic recovery.