Tesla and SpaceX CEO Alone Musk on Sunday voiced strong concerns about the payment systems of the US government, revealing ‘disability’ and potential ‘fraud’ of more than US $ 100 billion every year.
In a post on X, Musk said that the Treasury Department and their Government Efficiency Department have changed an agreement for all outgoing government payments and brought them to reporting requirements.
To be clear, what @Doge Team and @U.S. Treasury The following is the following: the following is:
– All outgoing government payment is required to have a payment classification code, which is required to pass the financial audit. It is often left empty, making …
– Elon Musk (@elonmusk) 8 February, 2025
The government will now have a ‘payment classification code’ for auditing purposes, he wrote in a post on X.
Highlighting the major reforms that need to be implemented, he said, “It is necessary that all outgoing government payment has a payment classification code, which is necessary to pass the financial audit. It is often left vacant. , Which makes the audit almost impossible. “
“All payments should also include a justification for payment in the comment area, which is currently left vacant. The important thing is that we are not yet implemented for this argument, but it is just necessary That is to make some efforts to explain the payment. “He said.
In addition, Musk implemented the “Do-No-Pay List”, which identifies institutions involved in fraud activities and is called to update the list at least weekly, if not daily.
“Du-not-pay list of institutions known for being fake or those who are dead or are potential fronts for terrorist organizations or do not match the appropriations of Congress, they should actually be implemented and it should be implemented and it should be really implemented and it should It should not be ignored. In addition, it can currently move to one year to come in this list, which is very long.
He said, “The above super clear and necessary changes are being implemented by the government employees of the current, long -term career, not from @Doge. It is ridiculous that these changes were not already present!”
Pointing to 100 billion/year USD without a social security number (SSN) or temporary ID number, he called it “extremely suspicious”.
“Yesterday, I was told that at present, individuals with SSN or temporary ID number have an entitlement payment of more than $ 100B/year. If it is accurate, it is extremely suspicious,” he said
He said, “When I asked if anyone in the treasury had an idea of what the percentage of that number was unequal and clear fraud, the consensus in the room was about half, so USD 50B/Year or USD1B/Week !! “
He called the situation “crazy” and urged immediate action to solve the problem of broad fraud in the system.
The magnitude of fraud in government payment (your tax dollar is being spent) is much higher than you think!
– Elon Musk (@elonmusk) 8 February, 2025
“It is completely crazy and should be addressed immediately,” he said.
“Federal Government: Waste, fraud, abuse,” sharing a chart on X titled, he wrote, “The magnitude of fraud in government payment (your tax dollar is being spent) is much higher than you thought!”
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