this post was submitted on 26 Feb 2025
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Nearly 40% of contracts canceled by Musk’s DOGE are expected to produce no savings (apnews.com)
submitted 4 months ago by BaldProphet@piefed.social to c/50501@piefed.social
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Nearly 40% of the federal contracts that President Donald Trump’s administration claims to have canceled as part of its signature cost-cutting program aren’t expected to save the government any money, the administration’s own data shows.

The Department of Government Efficiency, run by Trump adviser Elon Musk, published an updated list Monday of nearly 2,300 contracts that agencies terminated in recent weeks across the federal government. Data published on DOGE’s “Wall of Receipts” shows that more than one-third of the contract cancellations, 794 in all, are expected to yield no savings.

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[–] Zachariah@lemmy.world 4 points 4 months ago

The money we spend is supposed to provide services. It’s an investment. Those services are only affordable when paid for communally. Canceling the services doesn’t save any money. It very likely costs money and well being for millions.