uniladtech homepage
  • News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Experts cast serious doubt over Elon Musk's alleged $65,000,000,000 in government savings
Home>News>Tech News
Published 14:23 27 Feb 2025 GMT

Experts cast serious doubt over Elon Musk's alleged $65,000,000,000 in government savings

DOGE's savings reportedly don't match up

Harry Boulton

Harry Boulton

google discoverFollow us on Google Discover
Featured Image Credit: ANGELA WEISS / Contributor / Getty
Elon Musk
Money

Advert

Advert

Advert

The total savings reported by Elon Musk's governmental advisory board DOGE have been called into question by experts, as while claims from the Department indicate $65,000,000,000 in cuts, official reports appear to say otherwise.

Having shown strong support for US President Donald Trump during his election campaign trail, Elon Musk was subsequently rewarded with a role as the head of new private advisory board - the Department of Government Efficiency, otherwise known as 'DOGE' for short.

Musk has pledged major cuts to government spending as head of DOGE (Jim Watson/AFP via Getty Images)
Musk has pledged major cuts to government spending as head of DOGE (Jim Watson/AFP via Getty Images)

This new Department, as the name suggests, has been tasked with making federal operations and America as a whole more 'efficient' through cost-cutting means, and made headlines with an initial pledge to slash upwards of $2,000,000,000,000 from the federal budget within its short lifespan.

Advert

Musk and DOGE have been incredibly active since Trump regained office, having recently sent out government-wide emails that threaten the roles of around 100,000 federal employees, and multiple key departments have seen significant budget cuts leading to widespread job losses.

Departments including Veterans Affairs, Health, and Defense have all been hit by DOGE in recent efforts, and a look at the official DOGE website shows that the Department of Education, General Services Administration, and Environmental Protection Agency lead the 'Most Total Savings' leaderboard.

On this same website is the reported overall savings figure of $65 billion, which DOGE claims is a "combination of fraud detection/deletion, contract/lease cancellations, contract/lease renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory savings."

However, as reported by ABC News, the only individual receipts that DOGE officially provide numbers for are lease termination contracts, which amount to $144 million, leaving it 'impossible' to verify the overall figure that Musk's department claims.

Experts have called into question DOGE's reported $65 billion in savings (Andrew Harnik/Getty Images)
Experts have called into question DOGE's reported $65 billion in savings (Andrew Harnik/Getty Images)

Musk himself walked back on the initial $2 trillion target claiming it was unrealistic, but even if the reported $65 billion figure is correct, that still leaves them just 6.5% of the way having already executed mass budget cuts.

Outside of the pure monetary savings, some have called into question the lack of transparency behind the reason why each 'saving' was made. One comment on the r/news subreddit outlines: "I really don't understand the 'list'. It's always like a sentence describing what it spent without further detail. Like what the f*** are those [supposed to] mean? Where did it spend money on? Why is it wasteful?"

Another comment replied arguing that these descriptions are "intentionally vague so it can be whatever they want you to believe it is. Without content it's absolutely meaningless."

Whether this pressure will lead to further transparency is still yet to be seen, but it shows that many aren't as convinced of DOGE's 'efficiency' as Musk might have hoped.

  • Why Elon Musk's net worth dropped below $900 billion despite hitting trillionaire status just weeks ago
  • Experts issue warning as Elon Musk's satellites almost cause catastrophic space emergency
  • Estimated cost of Elon Musk's home as billionaire's mom reveals 'he has no food in the fridge'
  • Elon Musk's net worth could skyrocket following China's lithium deposit discovery of over 1,300,000 tons

Choose your content:

6 hours ago
a day ago
2 days ago
  • Bloomberg / Contributor / Getty
    6 hours ago

    All 50 US states ranked by power consumption in eye-opening new data

    This can significantly impact electricity rates for local residents

    News
  • Joan Cros/NurPhoto via Getty Images
    a day ago

    New leak reveals the eye-watering battery upgrade coming to Samsung's next smartwatch

    Samsung is also introducing new Flex Titanium technology

    News
  • xijian / Getty
    a day ago

    Top AI executives left fearing for their lives following public backlash

    Real-world security incidents targeting AI figures have increased

    News
  • Paul Hennessy/Anadolu via Getty Images
    2 days ago

    Florida 'earthquake' that rattled coast revealed to actually be a military experiment

    The US Navy conducted a series of Full Ship Shock Trials

    News