Elon Musk's Department of Government Efficiency (DOGE) recently announced the cancellation of an old, $144,000 Coast Guard contract, claiming to save taxpayers $53.7 million. However, experts pointed out that the contract, signed during the Bush administration, had already been fulfilled by 2005, rendering the savings claim misleading. Despite this, DOGE has implemented significant cost-cutting measures, including layoffs and contract cancellations. Nonetheless, the inaccuracies surrounding their claims raise questions about the team's competence and understanding of federal contracting, as they may be misled by information from other departments.
The cancellation of a long-dead Coast Guard contract by Elon Musk's team claimed to save $53.7 million, bewildering experts on federal contracting.
Experts argue the claimed savings are misleading as the funds related to the contract were already spent years ago, indicating a lack of understanding.
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