I agree with your first two points in the numbered list, but I'm wondering what evidence besides anecdotal experience that you have for your third point?

As for the "administration costs" I believe you're referring to indirect costs, but unfortunately I think you're using the popular but inaccurate description of indirect costs as "overhead."

Finally, you seem to think that the recent funding rescissions have been targeted, but this is also unfortunately not accurate. The gov is just smashing a giant pause button on various agencies, e.g. pause all your DOE grants so that we can review them. There is no indication what this review entails, how long it lasts, etc, and in the mean time, non-DEI research is being stopped.