In Taxes, We Trust… Right? How Trump’s New Task Force, DOGE, Is Exposing Fraud and Waste
In Taxes, We Trust… Right? How Trump’s New Task Force, DOGE, Is Exposing Fraud and Waste
Savvy investors understand that when it comes to government spending, things are not always as they seem. The White House’s Department of Government Efficiency (DOGE) was created to cut federal expenditures and eliminate waste. Since taking office, President Trump and his cabinet have wasted no time making their presence felt in Washington. After years of stagnation and endless bureaucratic red tape, the administration is finally making moves to strengthen the economy.
The stock market naturally experiences highs and lows, but with Trump’s team spearheading economic reforms, traders should brace for a volatile ride—one that could last until 2028 and possibly beyond. While some remain frustrated over the 2024 election results, traders would be wise to put politics aside and pay attention, because change is happening fast.
This article will examine how the rapid actions of the DOGE task force are reshaping the U.S. economy, exposing corruption within the government, and influencing the stock market. Pandora’s box has been opened, and the revelations spilling out are nothing short of shocking.
The Task Force Dream Team
Historically, government task forces—even those with ambitious missions—often find themselves paralyzed by bureaucracy. However, with the cabinet, House, and Senate backing DOGE, progress is happening at an unprecedented pace. Led by none other than billionaire Elon Musk, the task force has already identified over $1 billion in wasted federal spending.
True to his bold nature, Musk hit the ground running. One of his most controversial moves so far has been the cancellation of Diversity, Equity, and Inclusion Contracts (DEIC), among other expenditures, as revealed in recent DOGE social media posts.
Political Backlash
With such sweeping changes comes inevitable backlash. It took more than eight years and two presidential terms for Elaine Kamarck, an adviser in Clinton’s administration, to cut $136 billion from the federal government in the 1990s. Adjusted for today’s inflation, that figure would be nearly $273 billion. However, Kamarck took a far more cautious, incremental approach.
Now a senior fellow at the Brookings Institution, Kamarck recently told NBC News that Musk’s aggressive cost-cutting strategy, while effective in Silicon Valley, could have serious consequences when applied to government operations.
“If you apply that same slash-and-burn approach to air traffic control or the CDC investigating food poisonings, guess what? People die. It’s a big f—–g deal. It’s a completely different level of risk.” (Picci, 2025).
However, much of the criticism directed at DOGE comes from left-leaning media outlets. While conservative networks like FOX may have their own biases, mainstream news organizations often struggle to maintain objectivity when reporting on economic policies. This leaves traders in a difficult position—our portfolios are only as strong as the research behind them. The most successful investors learn to tune out media noise and focus on verifiable facts: what changes are happening now, and how they will impact the market.
That said, the mainstream media’s coverage of DOGE fails to capture the full picture. Musk is not making indiscriminate cuts—he is strategically eliminating wasteful spending that does little to benefit American taxpayers. With just four years to enact meaningful change, Trump’s administration doesn’t have the luxury of taking cautious, politically correct baby steps. The economy needs a wrecking ball, and Musk is delivering.
Contrary to Kamarck’s alarmist claims, DOGE isn’t targeting critical agencies like air traffic control or the CDC. Instead, Musk and his team are taking aim at the root of government inefficiency: the U.S. Treasury.
A Battle With the Treasury
According to Musk’s recent posts on X, newly appointed Treasury Secretary Scott Bessent has granted DOGE full access to the federal payment system.
“Social Security and Medicare benefits, grants, and payments to government contractors—including those competing directly with Musk’s companies—all of it,” wrote Senator Ron Wyden on BlueSky.
But before Bessent’s appointment, gaining access was a battle. DOGE was met with resistance, raising the question: If the government has nothing to hide, why was it so reluctant to grant access?
Once DOGE secured entry, the revelations were alarming. Investigators uncovered that payment approval officers at the Treasury had been instructed to always approve payments, even to known fraudulent or terrorist-affiliated groups.
“@DOGE tweeted, ‘They literally never denied a payment in their entire career. Not even once.'”
Musk’s team quickly realized this was only the tip of the iceberg. DOGE is now shifting its focus to the silent financial drain that affects every American: federal taxes.
In Taxes, We Trust… Right?
With tax season approaching and a red-hot task force eager to cut unnecessary costs, DOGE is demanding transparency.
Just as a parent asks their child for a receipt to verify how their money was spent, DOGE is holding the government accountable for its use of taxpayer dollars. And what they’ve uncovered so far suggests these “children” have gone rogue.
One particularly infuriating revelation circulating on social media involves allegations that over $20 million of taxpayer money was used to fund celebrity Angelina Jolie’s travels to Ukraine.
Investors are closely watching DOGE’s findings to determine whether these claims are true and how they might trigger an economic upheaval. The administration has already announced its intention to shut down the U.S. Agency for International Development (USAID) and restructure it under the State Department in an effort to reduce bureaucracy—a move that has sparked fierce political debate.
What Does This Mean for the Stock Market?
The financial world is bracing for impact as DOGE continues its investigation. If the rumors surrounding fraudulent government payments prove true, the resulting economic fallout could be massive.
Investors hope for greater transparency from both the government and the media. The best course of action right now? Sit back, stay informed, and watch as this financial wrecking ball reshapes the economy and the markets for years to come.
REFERENCES:
https://www.cbsnews.com/news/what-is-doge-elon-musk-findings-trump