DOGE And Treasury Agree To Revamp Payment System! Details!

James Kaufman will news report today, February 9th, 2025. God bless you and yours, no matter where you are in the world. Please subscribe, give us a thumbs up, ring that bell for critical future updates. Doge and Treasury agree on new anti-fraud measures at Treasury Department. Elon Musk said Saturday that the Department of Government Efficiency, DOGE, And the U.S. Treasury Department have agreed on new anti-fraud measures aimed at preventing tens of billions of dollars in fraudulent government entitlement payments each year. In a February 8th statement shared on social media Musk described the scale of the problem as utterly insane, citing estimates that at least $50 billion annually is being lost. Due to improper payments, including funds going to individuals without social security numbers or even temporary ID numbers, ladies and gentlemen, this is unprecedented fraud, and we need to find out where all that money is going. There's no way to track it. Musk, who leads Doge and has been designated as a special government employee by President Donald Trump, revealed in a post that Treasury officials estimate that over $100 billion in annual entitlement payments may be going to individuals without verifiable identification. In a discussion with Treasury personnel, Treasury personnel admitted to Doge and Musk that at least $50 billion a year, around $1 billion a week, is fraudulent payments going out. Quote, this is utterly insane and must be addressed immediately, Musk wrote, adding that the Doge team and Treasury have jointly agreed to a series of reforms. One of the most significant changes will be the requirement that all outgoing government payments include a payment categorization code. According to Musk, these codes are essential for financial audits, yet they are frequently left blank, making it nearly impossible to track where the taxpayers' dollars are really going. Under the new rules, every payment will also need to include a rationale in the comments field. They need to be signed by somebody or signed off as well. Currently, many government payments lack any explanation whatsoever, making it difficult to assess their legitimacy, Musk said, while he emphasized that no judgment will be applied to these rationales at this stage. require at least some justification for payments is expected to serve as a deterrent against waste and fraud. Another reform involves more effective implementation of the Treasury's Do Not Pay list, which is meant to prevent payments to fraudulent entities. Deceased individuals suspected terrorist fronts and other entities were people who should not be paid by federal agencies. Musk said that this list has not been strictly enforced, with some payments still being made to flagged entities. He also pointed out that it can take up to a year. For names to be added to the list, calling for weekly or even daily updates to this no-pay list to prevent ongoing fraud. He's talking about sending money to terrorist groups. Musk said that the above super obvious and necessary changes will be implemented by existing long-time career treasury employees, not anyone from Doge. His remarks. In this regard, aligned with Treasury Department Scott Bessent's insistence that Doge members have read-only access to Treasury data and that they have not been tinkering with sensitive payment systems or information at the department, which means the judge and his ruling are full of bull. The development comes as Doge focuses its cost-cutting and efficiency enhancement efforts at multiple federal agencies, including the Treasury Department, as part of the Trump administration's broader aim of reducing deficits and eliminating fraud, waste, and abuse of taxpayers' funds. God bless you and yours, folks. I hope he gets deep enough into the treasury. Sounds like there's a lot of fraud ongoing there. Share, subscribe, and always remember, anything's possible, Bizarro World.