$5,000 DOGE payment requires $2 trillion in savings, and Congressional approval

Politics and Government Politics and Government

Mon, March 24, 2025

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$5,000 DOGE payment requires $2 trillion in savings, and Congressional approval

^{Published on 2025-03-23 15:01:41 - MiBolsilloColombia}

A bold proposal to save $2 trillion and distribute $5,000 checks to millions of Americans is gaining attention. With support from Elon Musk and Donald Trump, the idea faces significant hurdles before becoming reality.

The article from MSN discusses a proposal by Elon Musk to pay Twitter content creators in Dogecoin (DOGE), a cryptocurrency. The plan would require a staggering $2 trillion in savings to be viable, given the current market value of Dogecoin. This initiative would need Congressional approval due to the significant financial implications and the involvement of cryptocurrency in large-scale transactions. The article highlights the skepticism around the feasibility of such a payment system, considering Dogecoin's volatility and the regulatory hurdles involved in using it for mass payments. It also touches on the broader implications of integrating cryptocurrencies into mainstream financial systems, including the potential economic impacts and the need for legislative oversight.

Read the Full MiBolsilloColombia Article at:
[ https://www.msn.com/en-us/politics/government/5-000-doge-payment-requires-2-trillion-in-savings-and-congressional-approval/ar-AA1BtNGV ]

N@N

$5,000 DOGE payment requires $2 trillion in savings, and Congressional approval