Social Security Chief Privately Admits DOGE Will Wreck Things
The biggest source of lost jobs comes from the federal government, with 62,242 announced cuts from 17 different agencies, according to Challenger. Government layoffs amounted to 62,530 workers in January and February, a staggering 41,311 percent increase over 2024. Challenger’s report said that DOGE was the top reason for job cuts, being blamed for 63,583 layoffs of federal employees and contractors.
Fortunately for the Trump administration, federal government layoffs won’t show up in the government’s February monthly jobs report because they took place outside of the survey week. Meanwhile, administration officials are discussing how to fudge the numbers and remove government spending from gross domestic product reports to hide how much DOGE’s government cuts have hurt the economy.
DOGE’s mass purge of federal workers is going to have ripple effects on the economy, especially since more cuts are expected. The newly unemployed will be spending much less, hurting other businesses, particularly in areas with a lot of federal employees, such as the Washington, D.C. metro area.
