• About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Fund Fluxes
Advertisement
  • Business
  • investing
  • Politics
  • Stocks
No Result
View All Result
  • Business
  • investing
  • Politics
  • Stocks
No Result
View All Result
Fund Fluxes
No Result
View All Result
Home Politics

Elon Musk outlines ‘super obvious’ changes DOGE and Treasury have agreed to make

February 10, 2025
in Politics
0
Elon Musk outlines ‘super obvious’ changes DOGE and Treasury have agreed to make
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Billionaire Elon Musk outlined a list of ‘super obvious’ changes that his Department of Government Efficiency (DOGE) plans to make at the U.S. Treasury Department this weekend.

Musk says officials at the treasury are working to make the government’s books more simple to audit, as well as more accountability for where funds are going. The changes also require treasury employees to more frequently update the congressional ‘do not pay’ list, which highlights fraudsters and illegal fronts.

‘Nobody in Treasury management cared enough before. I do want to credit the working level people in Treasury who have wanted to do this for many years, but have been stopped by prior management,’ Musk said.

‘Everything at Treasury was geared towards complain[t] minimization. People [who] receive money don’t complain, but people who don’t receive money (especially fraudsters) complain very loudly, so the fraud was allowed to continue,’ he added.

‘The above super obvious and necessary changes are being implemented by existing, long-time career government employees, not anyone from DOGE,’ Musk added.

‘It is ridiculous that these changes didn’t exist already! 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,’ he continued. ‘If accurate, this is extremely suspicious. 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’s tirade toward the treasury department comes just after a federal judge blocked DOGE’s ability to access treasury department systems. The Tesla CEO condemned the ruling as ‘insane’ this weekend.

The Friday lawsuit, which was filed by 19 Democratic attorneys general, claimed Musk’s team violated the law by being given ‘full access’ to the Treasury’s payment systems. The systems include information about Americans’ Social Security, Medicare and veterans’ benefits, tax refund information and more.

The lawsuit was filed in New York by the office of New York Attorney General Letitia James, who wrote that President Donald Trump ‘does not have the power to give away Americans’ private information to anyone he chooses, and he cannot cut federal payments approved by Congress.’

U.S. Treasury Secretary Scott Bessent has expressed support for Musk and DOGE in the past, recently saying that the U.S. ‘doesn’t have a revenue problem, we have a spending problem.’

‘At the Treasury, our payment system is not being touched,’ Bessent said in a ‘Kudlow’ interview on Wednesday. ‘We process 1.3 billion payments a year. There is a study being done — can we have more accountability, more accuracy, more traceability that the money is going where it is?’

This post appeared first on FOX NEWS

Previous Post

Trump signs proclamation declaring February 9 ‘Gulf of America Day’ ahead of Super Bowl: ‘Another big win’

Next Post

Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

Next Post
Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    September 8, 2025
    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    September 8, 2025
    Cartel connection: Hezbollah and Iran exploit Maduro’s Venezuela for cocaine cash

    Cartel connection: Hezbollah and Iran exploit Maduro’s Venezuela for cocaine cash

    September 8, 2025
    Trump nominees pile up as GOP weighs rule shift once floated by Democrats

    Trump nominees pile up as GOP weighs rule shift once floated by Democrats

    September 8, 2025

    Disclaimer: fundfluxes.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.



    Copyright © 2024 fundfluxes.com | All Rights Reserved

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Recent News

    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    September 8, 2025
    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    September 8, 2025
    Cartel connection: Hezbollah and Iran exploit Maduro’s Venezuela for cocaine cash

    Cartel connection: Hezbollah and Iran exploit Maduro’s Venezuela for cocaine cash

    September 8, 2025
    No Result
    View All Result
    • Business
    • investing
    • Politics
    • Stocks

    Copyright © 2024 pinnacleofinvestment.com | All Rights Reserved