Just how much has DOGE exaggerated its numbers? Now we have receipts. [View all]
The Trump administration’s claim that it is saving billions of dollars through DOGE-related cuts to federal contracts is drastically exaggerated, according to a new POLITICO analysis of public data and federal spending records.
Through July, DOGE said it has saved taxpayers $52.8 billion by canceling contracts, but of the $32.7 billion in actual claimed contract savings that POLITICO could verify, DOGE’s savings over that period were closer to $1.4 billion.
Despite the administration’s claims, not a single one of those 1.4 billion dollars will lower the federal deficit unless Congress steps in. Instead, the money has been returned to agencies mandated by law to spend it.
DOGE's latest figures on contract cuts ticked up to $54.2 billion in an update posted on Tuesday.
https://finance.yahoo.com/news/doge-flation-doge-actual-savings-204000625.html
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