• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

DAVID MARCUS: Elon Musk heads to the backwoods of West Virginia in search of the national debt

by February 11, 2025
written by February 11, 2025
NEWYou can now listen to Fox News articles!

PARKERSBURG, W.V – This darling little town of 30,000 holds an astounding $36 trillion dollars of debt, but it’s not the people’s fault. Allow me to explain.  

Back in 1957, the Bureau of the National Debt was placed in this remote Appalachian city in case of national emergency, which presumably meant nuclear war. So, while New York, Chicago ,and DC were mushroom clouded, the federal government could continue banking. 

This is why, on Tuesday morning, Elon Musk’s Department of Government Efficiency will arrive in this pleasant hamlet to gain access to more of the comings and goings of America’s money.

The actual thing that exists here in Parkersburg is called the Central Accounting Reporting System (CARS). Some locals told me is resides in the basement of an old building in town. It’s all a little vague and spooky. 

What Musk and his team want is access to the real numbers, the payouts on our debt, our collections, what money is going where. This is where the answers reside. Every single day, the thousand or so federal employees in Parkersburg track and report on that debt.

On Monday evening at the Hotel Blennerhassett, built in 1889 and still an imposing and elegant centerpiece of the area, the impending visit from DOGE was already the talk of the town.  

‘This is a huge part of this city’s economy,’ one local retired attorney told me, adding, ‘We don’t know what’s going to happen to it.’ 

Local Democratic officials have been raising similar alarm bells, as well. Jeff Fox, the Wood County Democratic Party Chair said, ‘Our community relies heavily on the employment provided by the U.S. Treasury here in Parkersburg. The prospect of DOGE’s intervention raises serious questions about job security for our residents.’ 

Fair enough, except that all Musk’s DOGE team is seeking is access to data. There is nothing to suggest that the plan here is to fire anyone, except maybe for Musk’s sometimes overzealous rhetoric. 

And honestly, it is that trolling rhetoric that seems to be leading to the confusion. 

Musk and his team have taken to using a signature scene of the Gen X classic Office Space to explain DOGE. It is the Bobs, brought in to fire people, interrogate them as to ‘what they actually do here.’

But the point of those scenes was not that it was vital that Initech become more efficient, as the tech bros would have it. It was that Peter, the protagonist, wanted more than efficiency for his life. That is precisely why he confused them. 

On the ground in Parkersburg, I cannot provide you with a black and white story of good and evil, of graft and honesty. It’s more complicated than that. It always is. 

There is no apparent reason to think that Musk’s minions are rolling up to the Bureau of Fiscal Service, right across the street from the hotel, with a briefcase full of pink slips. What I saw today was a full parking lot of federal employees’ nice cars outside the building. These are people showing up.

Instead, what Musk really wants is a look under the hood of federal debt, and Parkersburg is absolutely its service station. There may be legitimate concerns about sensitive information contained within, but if President Trump has tasked Musk to suss it out, then he’s allowed to do that. 

I drove across the mountains to Parkersburg in my spunky red Mitsubishi Lancer because it’s the kind of place I like to report on. This DOGE intervention was icing on the cake. 

I don’t know what, if anything, local reaction will be to Musk’s DOGE invasion of Parkersburg Tuesday, but I’m here so I can find out.

Our federal government is probably the biggest and most important thing that has ever existed in the world. It won global wars hot and cold, it landed on the Moon, its glory knows no bounds. 

But all of that was funded in Parkersburg, West ‘By God’ Virginia, and this week, Donald Trump and Elon Musk will be going through the receipts. 

Nobody likes an audit, but maybe it’s time.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Democrat lawmaker freezes on House floor after suffering adverse reaction to medication
next post
Trump nominees debut new science journal aimed at spurring scientific discourse, increasing transparency

related articles

US Ambassador to Israel Mike Huckabee indicates US...

June 19, 2025

US troops in the Middle East could face...

June 19, 2025

Mystery flights from China to Iran raise questions...

June 19, 2025

Israel’s ‘resounding’ military campaign against Iran could be...

June 19, 2025

Trump to make Iran decision ‘within the next...

June 19, 2025

Two men convicted in Pennsylvania mayoral race election...

June 19, 2025

Flaring Iran nuclear crisis provides first major test...

June 19, 2025

Top Trump ally predicts Senate will blow past...

June 19, 2025

‘Instincts for restraint’: Senate divided over who gets...

June 19, 2025

Trump downplays signs of MAGA unrest over possible...

June 19, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump says he’ll speak with Putin in call to push for truce in Ukraine

    March 18, 2025
  • Appeals court restores hold on Trump admin’s plan to cut government agency by 90%

    April 29, 2025
  • Trump’s Day One actions reversed Biden-era health policies, including efforts to expand ObamaCare

    January 22, 2025
  • Oil and natural gas: Oil struggles to retain new support

    August 23, 2024
  • Donald Trump sentenced with no penalty in New York criminal trial, as judge wishes him ‘Godspeed’ in 2nd term

    January 10, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,003)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Pahalgam terror attack: J&K Bank shares fall; analysts warn of short-term volatility if India retaliates

    April 23, 2025
  • OpenAI considering 16 states for data center campuses as part of Trump’s Stargate project

    February 7, 2025
  • Walz forced to correct record on whether he was in China for the Tiananmen Square protests

    October 2, 2024

Recent Posts

  • Musk signals potential softening of feud with simple one emoji response to clip of Trump wishing him well

    June 10, 2025
  • Four American hostages remain in Hamas captivity a year after Oct. 7 massacre

    October 7, 2024
  • USDCAD and USDCNH: USDCAD is under heavy pressure

    August 15, 2024

Editor’s Pick

  • Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs

    April 16, 2025
  • Can Biden really just hand over millions in campaign cash to Kamala?

    August 2, 2024
  • Oil and natural gas: Oil falls to new July low on Friday

    July 22, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock