The Trump administration's cost-cutting initiative claims to have canceled numerous federal contracts. However, nearly 40% of these cancellations, totaling 794, are projected to yield no financial savings, as the funds were previously obligated. Critics argue these terminations do not achieve tangible savings or policy objectives. Despite the administration's assertion that their actions are aimed at eliminating fraud and waste, an administration official claimed the cancellations target potential inefficiencies. Overall, the claims of $65 billion in savings remain unverified and dubious.
It's like confiscating used ammunition after it's been shot when there's nothing left in it. It doesn't accomplish any policy objective.
The administration says it's targeting fraud, waste and abuse in the government.
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