DOGE Savings Top $200 Billion, Almost $1,300 Per Taxpayer
Authored by Naveen Athrappully via The Epoch Times,
The Department of Government Efficiency (DOGE) has terminated 123 “wasteful contracts” over the past five days with a ceiling value of $5.3 billion and savings of $4.2 billion, DOGE said in an Aug. 16 X post.
The canceled contracts included an $857,000 contract from the Department of the Interior for a technical adviser in Lagos, Nigeria, it said.
Another canceled agreement was a $1.5 million Treasury Department contract for “Word Processing and Document Formatting Services Examination Training” for the Human Capital Office and the IRS, as well as its small business and self-employed division, according to DOGE.
A $785,000 State Department consulting contract for staffing was canceled as well, it added.
In an Aug. 17 post on X, DOGE dismissed media reports that the cost savings it reports use a faulty methodology since it is based on ceiling values of a contract—the maximum spending allowed—and not actual amounts saved.
DOGE called such reporting “a classic case of Fake News.”
“In federal contracting, ceilings matter because they are almost always maxed out,” DOGE said.
For instance, “of the 5.4M awards at contract end in FY24, 98.12 percent were spent to the ceiling,” it said.
Hedge fund manager Bill Ackman backed DOGE in an Aug. 18 X post.
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