Sounds to me like the claim is—with the perspective of somebody who has lived an entire professional life within the federal research award system—that it actually was highly efficient.

So whether or not they were competent, and whether or not they succeeded at finding anything, that’s the true nature that existed to find in the first place.

What’s your basis for the assumption that “the waste” was there to find, particularly on the “burn it all down immediately” scale at which the grantmaking system was “reformed”?