Elon Musk has revealed what may very well be the biggest monetary scandal in American historical past.
Musk has uncovered the Treasury Division’s lax oversight, revealing that over $100 billion yearly is being funneled to people with out traceable Social Safety Numbers (SSNs) or identification numbers.
Much more alarming, Musk shared that Treasury staffers estimate at the very least half of those funds—roughly $50 billion per 12 months or $1 billion per week—to be unequivocally fraudulent.
This announcement comes after a federal choose threw a wrench into Elon Musk’s Division of Authorities Effectivity (DOGE) campaign in opposition to authorities waste, fraud, and abuse, blocking the workforce from accessing a vital Treasury Division system.
US District Choose Paul A. Engelmayer, a Barack Obama appointee, cited a danger of “irreparable hurt.”
The injunction, which got here into impact on Saturday, was pushed by 19 far-left state attorneys normal, who apparently desire sustaining the established order of unchecked authorities expenditure over transparency and accountability.
Engelmayer has scheduled a listening to for February 20, leaving DOGE with restricted entry to information that’s important for exposing the misuse of taxpayer {dollars}.
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Following Engelmayer’s ruling, Musk took to X, exposing the rampant authorities incompetence and fraud festering inside the Treasury Division.
“Yesterday, I used to be informed that there are at the moment over $100B/12 months of entitlements funds to people with no SSN or perhaps a short-term ID quantity. If correct, that is extraordinarily suspicious,” Musk wrote on X.
He continued, “Once I requested if anybody at Treasury had a tough guess for what proportion of that quantity is unequivocal and apparent fraud, the consensus within the room was about half, so $50B/12 months or $1B/week!! That is completely insane and should be addressed instantly.”
Take into consideration that. $1 billion per week—gone. Stolen from American taxpayers, whereas Choose Engelmayer’s courtroom protects the very system that allowed it to occur.
In keeping with Musk, DOGE investigators found that authorities funds had been being made with no correct documentation, no audit trails, and 0 accountability.
He wrote:
To be clear, what the DOGE workforce and US Treasury have collectively agreed is smart is the next:
– Require that each one outgoing authorities funds have a cost categorization code, which is critical with a purpose to cross monetary audits. That is incessantly left clean, making audits virtually unattainable.
– All funds should additionally embody a rationale for the cost within the remark subject, which is at the moment left clean. Importantly, we aren’t but making use of ANY judgment to this rationale, however merely requiring that SOME try be made to clarify the cost greater than NOTHING!
– The DO-NOT-PAY record of entities recognized to be fraudulent or people who find themselves useless or are possible fronts for terrorist organizations or don’t match Congressional appropriations should really be carried out and never ignored. Additionally, it will probably at the moment take as much as a 12 months to get on this record, which is way too lengthy. This record needs to be up to date at the very least weekly, if not day by day.
The above tremendous apparent and vital modifications are being carried out by current, long-time profession authorities workers, not anybody from DOGE. It’s ridiculous that these modifications didn’t exist already!
To be clear, what the @DOGE workforce and @USTreasury have collectively agreed is smart is the next:
– Require that each one outgoing authorities funds have a cost categorization code, which is critical with a purpose to cross monetary audits. That is incessantly left clean, making…
— Elon Musk (@elonmusk) February 8, 2025
In keeping with Musk, the federal government actively ignored fraud as a result of fraudsters receiving cash don’t complain—whereas blocking fraudulent funds would generate backlash from criminals and their enablers.
“No person in Treasury administration cared sufficient earlier than. I do wish to credit score the working degree individuals in Treasury who’ve needed to do that for a few years, however have been stopped by prior administration,” he mentioned.
“Every thing at Treasury was geared in direction of complain minimization. Folks we obtain cash don’t complain, however individuals who don’t obtain cash (particularly fraudsters) complain very loudly, so the fraud was allowed to proceed.”
No person in Treasury administration cared sufficient earlier than. I do wish to credit score the working degree individuals in Treasury who’ve needed to do that for a few years, however have been stopped by prior administration.
Every thing at Treasury was geared in direction of complain minimization. Folks we obtain…
— Elon Musk (@elonmusk) February 8, 2025
The magnitude of the fraud in authorities funds (your tax {dollars} being spent) is MUCH greater than you suppose! https://t.co/umnT8Zm4Mb
— Elon Musk (@elonmusk) February 8, 2025
