Elon Musk alleges US Treasury fraud costs Americans $50 billion a year-‘$1 billion vanishes weekly!’

Elon Musk, CEO of Tesla and SpaceX, has claimed that taxpayers could cost more than $ 100 billion each year in fake government transactions. He criticized the lack of financial surveillance in the rightful payments and demanded immediate reforms.In a series of posts on X (formerly Twitter), Musk wrote, “Yesterday, I was told that SSN or even people with temporary identification numbers pay more than $ 100b/year If it is right.

He added, “When I asked if no one in the Treasury had any idea what percentage of the number was unclear and clear, the consensus in the room was almost half, so 50b/year or 1b/ Saturday is US dollar/Saturday !! “

Musk described the situation as “sheer crazy” and called for immediate intervention to prevent further misuse of taxpayers’ funds.

New Treasury Reforms are ongoing

Musk revealed that the Department of Treasury and Dodge have agreed on key reforms to improve financial surveillance. He emphasized the importance of the ‘payment rating code’ for all outgoing government payments, saying, “It is important that the payment code in all the government’s outgoing payments. It is often necessary to pass the financial audit, which is almost impossible.

In addition, he highlighted the need for the necessary documents for the payment of beliefs, criticizing the current methods where the comments fields are empty. “All payments must include a rationality for payment in the comment field, which is currently vacant. The important thing is, we are not yet taking a decision on this rationality, but just that. There is a need to try to explain the payment more than nothing.

Strengthening the ‘Du -P-Pa’ list

Musk also raised concerns about the list of ‘du-pi’, which aims to stop payments to fake entities, deceased individuals, and criminal activities. He expressed frustration at the slow pace of refreshments in the list, saying, “Of the institutions that are deceitful or dead or potential front for terrorist organizations or not matching Congress specialties, the doo. The list is not implemented. , If not. “

Legal Challenge Limits DOG’s Treasury Data Access

There have been disclosures during the legal battle on access to Dodge Treasury Data. A federal judge has stopped the Dodge from receiving a temporary sensitive financial record, following a trial by the 19 Democratic State Attorney General. They argue that allowing the DOGE to the Treasury Payment system could violate the federal laws created to protect social security, medical, the benefits of veterans, and tax return information.

The decision, issued by US District Judge Paul Angel Mayor, temporarily restricts Dodge access to a court hearing on February 20.

Despite this shock, Kasturi insists that Dodge has already identified major financial irregularities and that necessary reforms should move forward.

Musk criticizes the Treasury’s historical approach

Musk accused past treasury officials of failing to deal with fraud, and alleged that the previous administration had discouraged active investigations into financial mismanagement. He wrote, “No one has worked much in the treasury management before. I want to support the working level people in the treasury who have wanted to do this for many years, but the previous administration has stopped.

He further criticized the system’s approach for financial monitoring, saying, “Everything in the treasury was attracted to minimizing the complaint. People who receive money do not complain, but People who do not receive the money (especially the fraudsters) complain very loudly, so the fraud is allowed to continue.

Musk’s comments have come to the fore between the US government’s long -standing concerns about incompetence and fraud. Analysts have repeatedly flagged issues with the right programs, and many reports have highlighted issues of fake claims, duplication payments and financial mismanagement.

Implementation of financial monitoring reforms, such as Musk’s recommended rating codes and ‘Du-PA’ list, can mark a significant change in the monitoring method of official transactions. However, the legal battle against the access of the Treasury data will potentially affect the pace and scope of these changes.

The US government has not yet issued an official response to Musk’s claims, and further progress is expected after the next court hearing.

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