I asked ChatGPT:
How much budget savings so far from Musk's Department of Government Efficiency?
As of March 2, 2025, the Department of Government Efficiency (DOGE), let by Elon Musk, reported the cancellation of 128 contracts recently, resulting in approximately $60 million in savings. Since Its inception, DOGE reports terminating over 3,000 wasteful contracts.
However, analyses by external organizations have raised questions about these reported savings. An NPR investigation found discrepancies in DOGE's claimed savings, suggesting potential overstatements.
Additionally, data from DOGE's "Wall of Receipts" indicates that nearly 40% of the cancelled contracts are expected to yield no actual savings.
In specific instances, DOGE identified inefficiencies in software licensing. For example, the General Services Administration (GSA) reportedly held 37,000 WinZip licenses for 13,000 employees, leading to a claimed $9.6 million in savings after addressing the surplus.
While DOGE reports significant contract cancellations and some specific savings, external evaluations suggest that the actual budgetary impact may be less substantial than claimed.
Despite these efforts, the reported savings represent a fraction of DOGE's ambitious goal to cut $2 trillion in federal spending by July 4, 2026.
The notion that Elon Musk and his government efficiency apparatchiks can bring down the debt is a tall order. To be clear, I take no issue with rooting-out waste fraud and abuse; just give the chainsaw schtick and lame theatrics a rest.
At this particular moment in time our outstanding debt stands at $36 trillion (give or take). Closing a handful of government agencies and laying-off government workers makes for great theater but it isn't gonna get the job done. The savings are much, much too small to achieve the stated goal. Anybody who actually believes nibbling around the edges like this will fix the real problem is engaging in what I call magical wishful thinking.
You see, just like a household budget that has gotten out of control, fixing this problem is going to require hard work and making difficult choices.
You're probably thinking - Like what?
Like raising taxes, cutting defense spending or reforming Social Security and Medicare. Or all of the foregoing. These are unpopular choices for good reason. Nobody wants to do them. They're like going to the theater to watch a crappy production. Nobody wants to do that. The people demand good theater. Bread and circuses if you will. I might be wrong, but I happen to wonder if the current collection of clowns places a higher priority on theater and spectacle than hard work.
So, are we going to continue to be witness to the slow roll reality TV performance or get serious about fixing the real problem for the next couple of generations.
Anyone care to make a friendly wager?
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