Five former Treasury Secretaries are lashing out at the Trump administration’s analysis of federal spending, saying that, since 1946, the nation’s payment system has been operated by a very small group of nonpartisan career civil servants.”
The opinion piece was published yesterday after a federal judge issued an order on Saturday temporarily halting access to federal payment systems by Elon Musk’s Department of Government Efficiency (DOGE) team which is currently tracing massive amounts of federal spending in search of fraud and waste.
According to DOGE engineers mapping the flow of money via payment categories, payment rationales and basic audit controls had uncovered over $100 billion annually that was going to accounts without Social Security numbers, verification numbers or ID.
When Musk asked Treasury officials how much of that $100 billion was “unequivocal and obvious fraud” the answer was about half.
To be clear, what the @DOGE team and @USTreasury have jointly agreed makes sense is the following:
– Require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits. This is frequently left blank, making…
— Elon Musk (@elonmusk) February 8, 2025
The judge’s order, which apparently came at the behest of 19 state Attorneys General, appears to be attempting to keep inconvenient data from Treasury officials, including newly confirmed Secretary of the Treasury Scott Bessent. […]
— Read More: amgreatness.com
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