WASHINGTON: Entrepreneur Elon Musk who is in charge of the US Department of Government Efficiency (DOGE) said that the US Department of the...
WASHINGTON: Entrepreneur Elon Musk who is in charge of the US Department of Government Efficiency (DOGE) said that the US Department of the Treasury has been paying out $100 billion to unidentified individuals annually.
"Yesterday, I was told that there are currently over $100B/year of entitlements payments to individuals with no SSN or even a temporary ID number. If accurate, this is extremely suspicious," he wrote on his page on the X social network.
"When I asked if anyone at Treasury had a rough guess for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so $50B/year or $1B/week!! This is utterly insane and must be addressed immediately," Musk emphasized.
That said, he noted that the DOGE team and the US Department of the Treasury had agreed to require "that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits." Additionally, "all payments must also include a rationale for the payment in the comment field." Musk also noted that the Department of the Treasury will maintain and regularly update a list including "entities known to be fraudulent or people who are dead or are probable fronts for terrorist organizations or do not match Congressional appropriations.".
-News Feed
COMMENTS