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Firstly, this article is nearly a month old now. Though I wouldn't doubt that current numbers show little has improved on the spending front.
Secondly, everybody knows the saying: change is hard. But change is also expensive (in one form or another).
I know many of the actions (cuts) taken so-far have been spot-on based on my personal anecdotal evidence (i.e., from those with the most hatred towards "Elon Mussolini", which is what I've heard them refer to him as).