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so how does 10% save money...
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By reducing the number of people who need ventilators to stray alive, among many other air quality issues (semi-informed opinions about to be shouted not withstanding). It's all about reducing unburned hydrocarbons in exhaust gases, with the oyxgen content of the ethanol aiding greatly in reducing emissions. The use of American resources (grain) as fuel instead of buying it from the Middle East is (at best) a minor side benefit, with the unfortunate side effect of increasing the price of food.
However, even that will change when feedstocks to ethanol production are commercially developed that do not use foodstocks, but faster growing cellulose sources.
What is in place today is not the final solution on any count, either in terms of ethanol or gasoline. As the latter becomes increasingly rare and valuable the development of the former is going to be more and more vital. At that point the heat (fuel) content of the ethanol will become it's
raison d'etre.
Most of us will live to see the day when gasoline is no longer the dominant fuel used for transportation, that much is scientific certainty (again with semi-informed opinions about to be shouted, likely in simplistic slogans, not withstanding). What we are witnessing is the last gasp of that age, with remaining petroleum feedstocks stretched and preserved by any means necessary. Be glad of that, becuase it's keeping your car on the road that much longer.