US Treasury pays $100bn yearly to unknown recipients – Musk – INA NEWS

Elon Musk, as head of the brand new Division of Authorities Effectivity (DOGE), has stated that the US Treasury pays over $100 billion yearly to people with out Social Safety Numbers (SSNs) or momentary ID numbers. Musk has urged fast reforms to handle potential fraud and inefficiencies in fee techniques.

The CEO of SpaceX and Tesla and proprietor of X has been appointed a “particular authorities worker” to guide the Division of Authorities Effectivity (DOGE) below US President Donald Trump’s administration and is at present amongst Trump’s key advisers. Regardless of its identify, the company shouldn’t be a everlasting federal govt division, however a brief physique devoted to lowering authorities spending. The tech billionaire has set a objective of lowering the federal deficit by at the least $1 trillion, which might require every day cuts averaging $4 billion.

“Yesterday, I used to be advised that there are at present over $100B/12 months of entitlements funds to people with no SSN or perhaps a momentary ID quantity. If correct, that is extraordinarily suspicious,” Musk posted on X.

In accordance with Treasury officers, roughly half of those funds, equating to $50 billion per 12 months, or $1 billion per week, might be fraudulent, Musk acknowledged. He described it as “completely insane and should be addressed instantly.”

Musk stated that in response, DOGE and the Treasury Division have agreed to implement measures to reinforce transparency and accountability in authorities funds. These embrace requiring all outgoing funds to have a fee categorization code. Musk identified that this area is often left clean, making audits difficult.

Moreover, all funds should embrace a rationale within the remark area, which is at present usually omitted.

Musk famous that it could possibly at present take as much as a 12 months to get on the “Do-Not-Pay” listing. The listing consists of entities recognized to be fraudulent, deceased people, possible fronts for terrorist organizations, and recipients not matching Congressional appropriations. Musk has requested for updates at the least weekly, if not every day.

He emphasised that these adjustments are being carried out by present, long-time profession authorities staff, not by anybody from DOGE. He expressed his astonishment that such apparent and obligatory adjustments weren’t already in place.

Final week DOGE introduced that it had managed to save lots of over $1 billion because of the elimination of contracts associated to range, fairness, and inclusion (DEI). The revealed index lists 30 federal our bodies, stating that 104 contracts with a “ceiling worth” of over $1.2 billion had been eradicated.

In a publish on X on Monday, Musk described DOGE as “the wooden chipper for paperwork.”

Musk’s workforce has additionally gained entry to the federal fee system, courtesy of US Treasury Secretary Scott Bessent, to supervise and curb authorities expenditures. This transfer has sparked considerations amongst some officers, who fear about potential conflicts of curiosity and the affect on delicate taxpayer data. Legal professionals with the US Justice Division have agreed to a proposed order that will quickly prohibit DOGE from accessing delicate monetary information on the Treasury Division.

US Treasury pays $100bn yearly to unknown recipients – Musk

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