Doge announces the results of its beginnings – there is at all late

• The Government Ministry of Efficiency said it had canceled $ 420 million in 80 hours.
• If it is true, it puts on the right track to reduce about 67 billion dollars per year – 3% of the original Musk goal.
• Elon Musk, who directs the group, has a known love of the number 420.

The Elon Musk government ministry announced on Friday in a position on X on Friday that in 80 hours, it had canceled around $ 420 million in current or imminent government contracts, as well as two leases.

According to Business Insider calculations, this is equivalent to the cancellation of approximately $ 126 million in contracts per day. If the group works at this rate of 530 days between January 20, 2025 and the target end date of DOGE of July 4, 2026, it would cancel around $ 67 billion in contracts each year. This would end up being around 3% of Musk’s initial objective to reduce to 2 dollars of the federal budget, or 7% of its reduced target of $ 1 billion.

Of course, the early Doge activity is not a guarantee of what will happen, especially given the speed with which things change in the group and the unknown quantity of its organization. During his first day in power, President Donald Trump signed an executive decree bringing Doge inside the White House and explaining how his employees joined in federal agencies. The group still cannot change the federal budget without congresses.

Friday, DOGE says that most of the emphasis was placed on dei contracts and empty buildings. There are no other details on the X website or DOGE on cancellations, and there is no way to check the information. Musk, Trump, spokesperson for Doge, and the General Services Administration, which rents most government buildings, did not immediately respond to the request for BI comments.

The reduction in early Doge costs is also notable in its details: Musk has a demonstrated affection for the number 420, a reference to marijuana.

In 2018, he proposed to take Tesla Private at $ 420 per share, an idea that finally landed in legal hot water with the Securities and Exchange Commission. Later that year, he smoked a joint to the camera with Joe Rogan and changed his Twitter biography then “420”. April 20, 2023 – or 4/20, the unofficial holidays of the grass – his company SpaceX launched a rocket. And in October of the same year, Musk bought Twitter at $ 54.20 per share (take a look at the last three issues of this price).

Aside from the references, the Doge post on X echoes its initial mission as a cost reduction group and deregulation, despite recent changes to its declared objectives. In his decree, Trump has redefined Doge’s objective as updating the government’s software and computer systems, although the group has not stopped aiming for what it considers unnecessary expenses.