Newsfront


$1 Trillion in Wasteful Spending Ready to Be Axed


gling revelations Paul’s investigators uncovered:


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Electric Vehicle Subsidies Price Tag: $15.5 billion (Department of Energy)


The Biden administration has doled out massive subsidies for exorbi- tantly expensive, unpopular vehicles that lack Tesla’s sophisticated digital engineering and rapid recharging, while suff ering from limited range. In addition to $10 billion from the Department of Energy and $2 billion from Infl ation Reduction Act grants, the DOE is also “investing” $3.5 bil- lion to expand domestic manufac- turing of EV batteries. Most battery components are still being imported from abroad.


Sen. Rand Paul proves huge federal spending cuts can be achieved.


B BY JOHN O. EDWARDS


ig spenders on capitol Hill have dismissed the Elon Musk-Vivek Ramas- wamy goal of slashing $2


trillion from annual federal spending as virtually impossible.


But an investigation by GOP Sen.


Rand Paul has turbocharged the Trump administration’s federal cost- cutting eff orts by exposing $1 trillion in wasteful, low-hanging government spending. Based on the staggering amount of federal lar- gesse reflected in Paul’s 41-page report, Musk and Ramaswamy’s Department of Government Efficiency may already be half- way there. Here are some


of the mind-bog- 8 NEWSMAX | FEBRUARY 2025


last year the federal government spent $10 billion in public funds to maintain, lease, and furnish build- ings all around the country that were almost entirely empty.


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Vacant Federal Buildings Price Tag: $10 billion


Real estate can be pricey, and


Combat Ships (LCS) are so defective that a Pentagon expert doubted they could complete a 30-day mission.


3


Littoral Combat Boondoggles Price Tag: $90-plus billion


The new, dysfunctional Littoral


PAUL/CHIP SOMODEVILLA/GETTY IMAGES / EV/SUMMIT ART CREATIONS©ISTOCK / FACTORY/STR/AFP VIA GETTY IMAGES / EMPTY BUILDING COURTESY OF GOVERNMENT ACCOUNTABILITY OFFICE


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