The efforts of the Department of Government Efficiency (DOGE), led by Cincinnati-based pharmaceutical entrepreneur Vivek Ramaswamy and Tesla and X CEO Elon Musk, are expected to have a trickle-down effect on average American households.
The advisory body is tasked with recommending cuts to waste, regulations and the federal workforce in an effort to trim $2 trillion from the $7 trillion federal budget.
Additionally, President-elect Donald Trump’s domestic energy policies, which are expected to lower gas prices, could have a ripple effect on the economy.
Howard Hanna Real Estate Services broker and realtor Dave Culbertson noted that the government’s efforts to streamline regulations, combined with domestic-friendly energy policies, could lead to an economic recovery.
Culbertson said he expects savings to trickle down to local residents as a result of DOGE’s efforts.
“I'm really excited about that and their mission,” Culbertson said.
Such savings could amount to over $5,000 per American resident.
“I think there’s going to be some pretty tremendous return on that,” he said. “It’s not going to happen immediately, but I think there’s going to be a lot of positive returns from that.”
Culbertson also highlighted external economic factors, including a potential boost from the energy sector, pointing to Trump’s domestic energy stance.
“I'm not an economist, but I think if the price of gasoline goes down, even an average of $0.40 a gallon or something, you're going to see prices of other things come down because everything has to be delivered,” he said.