A Washington State University economics professor has cast doubt on the effectiveness of the newly proposed Department of Government Efficiency named after cryptocurrency Dogecoin (CRYPTO: DOGE) in addressing the federal deficit, highlighting data showing most government spending goes to entitlement programs rather than bureaucratic salaries.
What Happened: Christopher Clarke, assistant professor at WSU’s School of Economic Sciences, pointed to long-term federal employment trends showing the proportion of federal workers in the labor force has actually decreased from 4.3% in 1968 to 1.9% today, despite population growth.
“The number of federal government employees has remained roughly the same for over 60 years,” …Full story available on Benzinga.com
Economics Professor Doubts Impact Of Dogecoin-Inspired, Elon Musk-Led Department On Federal Deficit, Cites This As Major Concern
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