DNYUZ
No Result
View All Result
DNYUZ
No Result
View All Result
DNYUZ
Home News

Elon Musk’s Efforts to Cut Spending in the Government Were So Incompetent That It’s Shocking, Internal Analysis Finds

August 9, 2026
in News
Elon Musk’s Efforts to Cut Spending in the Government Were So Incompetent That It’s Shocking, Internal Analysis Finds

In terms of demoralizing the federal workforce and demolishing the public sector, Elon Musk’s Department of Government Efficiency was a success.

In terms of actually saving money, though — its ostensible raison d’être — it was a dismal failure.

Musk vowed to slash $2 trillion in government “waste and fraud.” Then he lowered that target to $1 trillion, and behind the scenes reportedly promised Trump to save just a tenth of that figure. In the end, DOGE boasted on its website’s “Wall of Receipts” that it had saved around $215 billion — peanuts compared to its original promise.

But the actual amount of spending it slashed may be even lower than that. In a sweeping audit, the Government Accountability Office looked through the $110 billion that DOGE claimed it saved between January and July 2025, and found a trail of staggering incompetency that let loads of supposedly saved money fall through the cracks. That framing, though, could be too generous to Musk and his pimple-faced lackeys. You could also take the view that DOGE, in all likelihood, was deliberately cooking the books.

Per the GAO’s new report, released this month, DOGE claimed it terminated 13,476 contracts, but nearly 2,000 of them weren’t actually terminated. Spending-wise, about $27.4 billion of the purported savings came from these contracts that DOGE botched the terminations of.

The clumsy — or deceptive — bookkeeping didn’t end there. The receipts “includes leases identified for termination before [the group] was established,” the report states, as quoted by The Washington Post. And 108 of 264 of the leases it claimed it nixed “were already in process for termination.”

In all, the GAO found that over half of DOGE’s claimed $61 billion in contract savings couldn’t be verified or came from contracts that weren’t actually terminated. Similarly, 96 percent of the savings that it claimed came from grants couldn’t be verified by the accountability office, either.

Last August, an investigation by Politico found that of the $52.8 billion that DOGE had claimed to save by cancelling contracts at the time, its actual savings were closer to just $1.4 billion. To calculate how it saved money, DOGE dubiously used the maximum spending limit listed on the contracts it axed, figures that in practice are much higher than what the government ends up spending.

At the time, government procurement expert Jessica Tillipman told the outlet that the practice was akin to “taking out a credit card with a $20,000 credit limit, cancelling it and then saying, ‘I’ve just saved $20,000.’”

More on Elon Musk: Columbia Economist Baffled as to Why the Masses Aren’t Rising Up Against Elon Musk

The post Elon Musk’s Efforts to Cut Spending in the Government Were So Incompetent That It’s Shocking, Internal Analysis Finds appeared first on Futurism.

Kristen Stewart Makes a Case for the Cinema Experience After Buying a Historic Movie Theater: ‘You Want to Hang Out in the Dark’
News

Kristen Stewart Makes a Case for the Cinema Experience After Buying a Historic Movie Theater: ‘You Want to Hang Out in the Dark’

by TheWrap
August 11, 2026

Kristen Stewart admitted she purchased a 100-year-old movie theater in “a desperate move,” but assured fans that they didn’t want ...

Read more
News

Farage vs. the Man With the Trash Can on His Head

August 11, 2026
News

I was laid off after 10 years at the same company. My $17-an-hour job at a garden center changed how I think about work.

August 11, 2026
News

Ex-Clinton ally rips media for downplaying Dem ‘civil war,’ calls MS NOW viewers ‘basically illiterate and uninformed’

August 11, 2026
News

Aubrey Plaza seen with newborn for first time since welcoming baby with Christopher Abbott

August 11, 2026
Anthropic just rolled out a tool that’ll decimate some people’s dreams of writing AI novels undetected

Anthropic just rolled out a tool that’ll decimate some people’s dreams of writing AI novels undetected

August 11, 2026
Reggie Bannister, Star of the Horror Film Series ‘Phantasm,’ Dies at 80

Reggie Bannister, Star of the Horror Film Series ‘Phantasm,’ Dies at 80

August 11, 2026
Jake Whisenant, Who Raced Up Yosemite’s El Capitan at Record Speed, Dies in a Fall

Jake Whisenant, Who Raced Up Yosemite’s El Capitan at Record Speed, Dies in a Fall

August 11, 2026

DNYUZ © 2026

No Result
View All Result

DNYUZ © 2026