• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
Politics

EXPLOSIVE REVELATION: Elon Musk Exposes $100 Billion in Annual Entitlement Payments to Individuals Without SSNs or IDs — Warns Half Could Be Fraudulent

by February 9, 2025
February 9, 2025

A close-up of a $10 bill with the U.S. Treasury Building in the background (Credit: Ryan McFarland)

Elon Musk has revealed what could be the largest financial scandal in American history.

Musk has exposed the Treasury Department’s lax oversight, revealing that over $100 billion annually is being funneled to individuals without traceable Social Security Numbers (SSNs) or identification numbers.

Even more alarming, Musk shared that Treasury staffers estimate at least half of these payments—approximately $50 billion per year or $1 billion per week—to be unequivocally fraudulent.

This announcement comes after a federal judge threw a wrench into Elon Musk’s Department of Government Efficiency (DOGE) crusade against government waste, fraud, and abuse, blocking the team from accessing a critical Treasury Department system.

US District Judge Paul A. Engelmayer, a Barack Obama appointee, cited a risk of “irreparable harm.”

The injunction, which came into effect on Saturday, was pushed by 19 far-left state attorneys general, who apparently prefer maintaining the status quo of unchecked government expenditure over transparency and accountability.

Engelmayer has scheduled a hearing for February 20, leaving DOGE with limited access to data that’s vital for exposing the misuse of taxpayer dollars.

Read more:

Obama Judge Temporarily Blocks Musk’s DOGE Access to Important Treasury Dept. Payment System – Orders IMMEDIATE Destruction of ALL Data Obtained Since Trump’s Inauguration – Musk Responds to Ruling with Fire

Following Engelmayer’s ruling, Musk took to X, exposing the rampant government incompetence and fraud festering within the Treasury Department.

“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. If accurate, this is extremely suspicious,” Musk wrote on X.

He continued, “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.”

Think about that. $1 billion per week—gone. Stolen from American taxpayers, while Judge Engelmayer’s courtroom protects the very system that allowed it to happen.

According to Musk, DOGE investigators discovered that government payments were being made with no proper documentation, no audit trails, and zero accountability.

He wrote:

To be clear, what the DOGE team and US Treasury 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 audits almost impossible.

– All payments must also include a rationale for the payment in the comment field, which is currently left blank. Importantly, we are not yet applying ANY judgment to this rationale, but simply requiring that SOME attempt be made to explain the payment more than NOTHING!

– The DO-NOT-PAY list of entities known to be fraudulent or people who are dead or are probable fronts for terrorist organizations or do not match Congressional appropriations must actually be implemented and not ignored. Also, it can currently take up to a year to get on this list, which is far too long. This list should be updated at least weekly, if not daily.

The above super obvious and necessary changes are being implemented by existing, long-time career government employees, not anyone from DOGE. It is ridiculous that these changes didn’t exist already!

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

According to Musk, the government actively ignored fraud because fraudsters receiving money don’t complain—whereas blocking fraudulent payments would generate backlash from criminals and their enablers.

“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,” he said.

“Everything at Treasury was geared towards complain minimization. People we receive money don’t complain, but people who don’t receive money (especially fraudsters) complain very loudly, so the fraud was allowed to continue.”

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.

Everything at Treasury was geared towards complain minimization. People we receive…

— Elon Musk (@elonmusk) February 8, 2025

The magnitude of the fraud in government payments (your tax dollars being spent) is MUCH higher than you think! https://t.co/umnT8Zm4Mb

— Elon Musk (@elonmusk) February 8, 2025

The post EXPLOSIVE REVELATION: Elon Musk Exposes $100 Billion in Annual Entitlement Payments to Individuals Without SSNs or IDs — Warns Half Could Be Fraudulent appeared first on The Gateway Pundit.

previous post
“I’m Entitled to Know” — President Trump Orders Secret Service to Provide “Every Bit” of Information on His Two Would-Be Assassins
next post
Ohio Democrats Replicate Mississippi Lawmaker’s ‘Contraception Begins at Erection Act’ Criminalizing Casual Sex and Masturbation

You may also like

JUST IN: Air Traffic Control Loses Radar at...

May 9, 2025

Ohio GOP Endorses Vivek Ramaswamy for Governor

May 9, 2025

NEW: Former Trump Admin. Official Camryn Kinsey Speaks...

May 9, 2025

Who Lost South Korea? South Korea on Brink...

May 9, 2025

Trump Takes Aim at Globalist War Machine, Pushes...

May 9, 2025

BREAKING: US Marshals ARREST Rabid Leftist Who Spat...

May 9, 2025

NIH Insider on Anthony Fauci: ‘I admired Fauci...

May 9, 2025

The Right To Life: One On One with...

May 9, 2025

Liberal Supreme Court Justice Sonia Sotomayor Takes Veiled...

May 9, 2025

Two State Capitals Adopt LGBT Flags as Official...

May 9, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • JUST IN: Air Traffic Control Loses Radar at Newark Airport AGAIN (AUDIO)

      May 9, 2025
    • Ohio GOP Endorses Vivek Ramaswamy for Governor

      May 9, 2025
    • NEW: Former Trump Admin. Official Camryn Kinsey Speaks Out After Suddenly Collapsing Live On Air During Broadcast

      May 9, 2025
    • Who Lost South Korea? South Korea on Brink of Falling to Communist China

      May 9, 2025
    • Trump Takes Aim at Globalist War Machine, Pushes Peace Deal in Ukraine with China’s Help

      May 9, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick