Trump floats using DOGE savings to pay Americans, pay down debt

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Thu, February 20, 2025

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Trump floats using DOGE savings to pay Americans, pay down debt

^{Published on 2025-02-19 19:00:53 - MSN}

President Trump on Wednesday said his administration is considering using some of the money saved from Elon Musk and his team slashing government spending to pay down the federal debt and potentially cut checks to Americans.

In a recent social media post, former President Donald Trump suggested using savings from the cryptocurrency Dogecoin (DOGE) to pay Americans and reduce national debt. This proposal comes amidst his ongoing legal battles and financial obligations, including a significant bond related to a civil fraud case. Trump's mention of Dogecoin, which has been popularized by internet culture and endorsements from figures like Elon Musk, reflects his interest in cryptocurrencies, although his understanding and the feasibility of his proposal remain unclear. Critics argue that his suggestion lacks a coherent plan and seems more like an attempt to appeal to his voter base and possibly distract from his legal issues. The idea has sparked discussions on the potential implications of using volatile digital currencies for national financial strategies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/trump-floats-using-doge-savings-to-pay-americans-pay-down-debt/ar-AA1zoETz ]

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