# Brief - S1_repub_socialism EP09

**Tracking Government Equity Stakes and DOGE Claims**

This episode examines the government's multi-billion-dollar equity stakes in private companies alongside DOGE's disputed savings claims.

- Runtime: 3.5 min (measured)
- 28 shots in 3 segments
- Receipts used: 9

## Structure

### Segment 0 - 0s to 101s

> Turn: With these figures established, we must now look at the projected trajectory for 2026.

### Segment 1 - 101s to 195s

> Turn: Your vote matters—make it count.

### Segment 2 - 195s to 210s

> Turn: Your vote matters—make it count.

## Publish

While officials promise to shrink the government, federal departments are simultaneously taking direct ownership stakes in private firms. We examine the data behind the Department of Defense and Department of Energy's equity investments in companies like Intel, MP Materials, and Trilogy Metals. We also look at the Department of Government Efficiency (DOGE). While Reuters reported DOGE cut $8.5 billion in contracts, a government watchdog found that the unit's claims of saving $110 billion were overstated and lacked supporting evidence. Finally, we review raw Congressional Budget Office data showing FY2025 outlays of $7.010 trillion and a deficit of $1.775 trillion, and explore conservative pushback from Reason and National Review regarding these state-owned investments.

Tags: doge, equity stakes, cbo data, government efficiency, federal budget, national review, tarp, department of defense, intel, mp materials, trilogy metals

Thumbnail: "State Ownership In Private" / "Tracking federal equity stakes and DOGE savings claims" - A split graphic showing the CNBC list of equity stakes next to the CBO FY2025 actuals dataset.