Elon Musk Clarifies DOGE Team and U.S. Treasury Consensus, Annual Fiscal Fraud Estimated to Reach $500 Billion

BlockBeats News, February 9th, Musk posted on social media to clarify the reasonable measures agreed upon by the DOGE team and the U.S. Treasury Department:

· All government payments must include a payment classification code, which is necessary for financial audits. However, this field is often left blank, making audits nearly impossible.

· All payments must include a payment reason in the memo field, which is currently often empty. It is important to note that no judgment will be made on these reasons temporarily; instead, an explanation must be provided at least, which is better than writing nothing at all.

· The "Do-Not-Pay List" must be genuinely enforced, which includes known fraudulent entities, deceased individuals, accounts that may be fronts for terrorist organizations, and recipients that do not match congressional appropriations. Currently, some entities may take up to a year to be included on this list, which is too slow. This list should be updated at least weekly, preferably daily.

These obvious and necessary changes are to be implemented by existing government officials with long-term experience, not by anyone from the DOGE team. It is ridiculous that these basic measures were not previously in place! "Yesterday, I was informed: Currently, over $100 billion in government welfare payments annually flow to individuals without a Social Security Number (SSN) or temporary identification number. If this data is accurate, it is highly suspicious.

When I asked Treasury officials if they could roughly estimate the percentage of these payments that are clearly fraudulent, the consensus in the room was about 50%, meaning $500 billion annually, equivalent to $10 billion per week."