Billionaire Elon Musk says the Treasury Department has agreed to a list of “super obvious” changes to allow more audits of government payments. These reforms aim to improve oversight and accountability in federal spending.
Key Facts:
- DOGE and the Treasury Department will now require all outgoing government payments to include a “payment categorization code” to facilitate audits.
- Each payment must also have a rationale provided in the comment field, which was previously often left blank.
- The “do-not-pay” list, identifying known fraudsters and illegal entities, will be updated more frequently, ideally weekly or daily.
- Musk emphasized that these reforms are being implemented by long-time career government employees, not DOGE staff.
- He expressed frustration that such obvious changes were not in place earlier.
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The Rest of The Story:
Elon Musk has been vocal about the need for greater oversight in government spending.
He highlighted that previously, Treasury management focused on minimizing complaints, which often led to fraudulent activities being overlooked.
By implementing these new measures, Musk believes that audits will become more straightforward, and the flow of funds will be more transparent.
He also pointed out that there are currently over $100 billion per year in entitlement payments to individuals without Social Security Numbers or even temporary ID numbers, which he finds extremely suspicious.
Musk stated that when he inquired about the potential percentage of this amount that could be fraudulent, the consensus was about half, equating to $50 billion annually.
He described this situation as “utterly insane” and stressed the immediate need to address it.
In the past 48 hours, HHS canceled 62 contract worth $182 million. These contracts were entirely for administrative expenses – none touched any healthcare programs. This included terminating a $168,000 contract for an Anthony Fauci exhibit at the NIH Museum. pic.twitter.com/EsZxflPS6w
— Department of Government Efficiency (@DOGE) February 7, 2025
The Bottom Line:
The collaboration between DOGE and the Treasury Department signifies a push toward more accountable government spending.
By instituting these “super obvious” changes, they aim to reduce fraud and ensure taxpayer money is used appropriately.
Musk’s proactive approach seeks to rectify longstanding issues within the Treasury’s payment processes.
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