Doge Can't Save Us from Our Debt Crisis—Here’s Why

Doge Can't Save Us from Our Debt Crisis—Here’s Why

So I saw a post from The Wall Street Journal about the efforts of Doge. Doge—the meme-turned-cryptocurrency that’s gotten a ton of media buzz. But, let’s set the ideology aside and look at the numbers. Spoiler alert: Doge isn’t going to fix this. Not even close.

The Government’s Spending Problem

A huge chunk of the government’s spending comes from mandatory spending, which includes:

Social Security

Medicare

Medicaid

And interest payments on the debt (yes, that’s a huge one too)

In 2024 alone, entitlement spending hit nearly $3 trillion. The interest on the debt was almost $1 trillion. And then there's military spending, which was over $800 billion. These numbers are already high, and they’re set to climb—especially as our population ages and the debt rises.

Can Doge Make a Dent?

The truth is, Doge can’t fix this. At all.

If we want to actually address these problems, the only way is to reform entitlements—but doing so means slashing benefits, which could trigger a massive recession. Imagine suddenly cutting out Social Security: the wealth effect would plummet, incomes would drop, and tax receipts would tank. The economy would spiral.

What About the Deficit?

Even with all the buzz around Doge, the deficit is still ballooning. By 2025, despite all efforts, the government has already spent $50 billion more than it did the year before. The numbers don't lie: there’s no quick fix.

Doge isn’t the solution to this massive fiscal issue. There’s just no magic bullet to slash spending without causing some serious damage. The system is far too complex and interconnected for memes to solve.

So, yeah, Doge can't save us. Sorry, but no amount of meme coins can patch up this broken system.