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The Treasury pays out $5 trillion per year, and previously, payments lacked budget codes, obscuring their purpose. A $4 billion COVID fund in the Department of Education had no receipt requirements, leading to funds being used to rent Caesars Palace and stadiums for parties. When a receipt upload requirement was implemented, fund drawdowns ceased, even though the receipts were not verified. Fraud often starts small and hidden, but escalates over time if unchecked, eventually becoming brazen, such as renting out stadiums.

The Treasury's main payment system, PAM, handles about $5 trillion a year, roughly a billion dollars an hour. When we first looked at it, payments could be processed with no categorization or description – basically, untraceable blank checks. If this were a public company, it would be delisted, and the executives would be in jail. We recommended making payment categorization codes mandatory with some explanation required for each payment. This radical change is being implemented now, and I think it probably saves $100 billion a year. Where was that money going? It's hard to say what was waste and what was fraud. If the government sends money to someone who doesn't deserve it, is that waste, or fraud?

We found that the government was essentially sending untraceable blank checks. If a public company did this, they'd be delisted and executives would go to prison, but it's normal in the government. We recommended to the Treasury and Federal Reserve that payment categorization codes be mandatory, not optional, and that every payment need some explanation, even if we don't judge the quality of it. This is a radical change that's now being implemented. I'm guessing it probably saves about $100 billion a year. Where was that money going? It's hard to say if it was waste or fraud. Many payments were just approved and kept going even after the approving officer changed jobs, retired, or died. It's like forgetting to cancel a gym membership, but instead of $20 a month, it's $20 billion a year.

We've discovered $2.7 trillion in improper payments to Medicare, Medicaid, and overseas recipients who shouldn't have received them. This is just one example of the fraud, waste, and abuse we're identifying daily. Elon Musk highlighted Social Security payments being made to deceased individuals, which is clearly fraudulent. We're also finding contracts where, for instance, a million dollars was allocated, but only $500,000 was actually spent. Where did the remaining funds go? These are the issues we're addressing daily. This is exactly what President Trump promised to do during his campaign, and we are delivering on that promise.

Transnational fraud rings, terrorist organizations, and even nation-states like North Korea are being funded with our tax dollars. During the pandemic, a trillion dollars was stolen, with 70% going overseas. For example, one state had more unemployment claims than adults, and Romanian thieves used stolen funds for fentanyl and to undermine our democracy. While most public servants are honest, insider threats exist. Data and technology are crucial to identify them. Recently, in a Western state, criminals stole $50 million from Medicaid in under four months. These aren't individual acts; they're organized criminal groups, both domestic and transnational. Controls must be in place.

The federal government uses only one bank account, the treasury general account, to disperse all monies. There is allegedly $500 billion of fraud every year, and hundreds of billions of dollars in improper payments. The consolidated financial report produced by the treasury cannot pass an audit due to material weakness. Until recently, the federal government could not pass an audit because it lacked necessary payment information, such as payment codes, explanations, and contact information. Previously, over 580 agencies could make payments without verification, and the treasury would send them out as fast as possible. This is likened to a household where many people can access the bank account and disperse funds without justification or verification.

As governor, I saw firsthand government waste, but what Elon is finding is stunning. One agency had 13,000 employees but 37,000 software licenses, many unused. With millions of federal employees and credit cards, the opportunities for fraud are immense. Shockingly, there are millions of dead people still in the Social Security system. We need to address the low-hanging fruit. Keep good employees but eliminate unnecessary positions. I was in a meeting where it was revealed there are more government credit cards than employees, and the number of people on Social Security rolls is incredible. Checks go out automatically, and nobody is checking. Contract officers retire, but the money keeps flowing. Even diligent companies struggle to stop improper payments. Agencies like USAID don't track appropriations. Basic changes are needed to ensure taxpayer dollars are spent wisely.

The speaker introduces a campaign to cut government waste, stating that deficit reduction requires difficult choices, including cuts to valued programs. They claim there has been a tremendous amount of waste and fraud in the government during the Biden administration, estimating federal government fraud at half a trillion dollars. The goal is to reduce this figure, saving taxpayer money by stopping spending on things that very few taxpayers would agree makes sense. Examples cited include transgender animal surgeries and the presence of twenty million dead people in the Social Security database.

I'm nearly convinced that our entire national debt of $36 trillion is due to fraud, abuse, and waste. A staggering $2.7 trillion was improperly sent overseas as Medicare and Medicaid payments. How is this even possible? Is there any part of our government that isn't defrauding the American people? We've barely scratched the surface of this audit, and it already seems the answer is no. It feels like every branch of government has been robbing Americans blind while we struggle to make ends meet. People are still freezing. I want to see arrests, and I want the names of those responsible revealed.

I discovered that 20 million dead people are marked as alive in the social security database. Most fraud doesn't come directly from social security payments, but from disability, unemployment, and fake medical payments because these individuals are incorrectly marked as alive. We need to implement a simple "are you alive" check to prevent these fraudulent payments. This type of negligence would result in a public company being immediately delisted, and its executives imprisoned, but it's considered normal within the government. Therefore, I recommend that the Treasury and Federal Reserve make payment categorization codes mandatory, requiring an explanation for each payment, even if it's basic. This change would significantly improve the current system and potentially save hundreds of billions of dollars annually.

A basic search of the Social Security database revealed 20 million dead people marked as alive. While it's unclear if they're directly receiving Social Security payments, their "alive" status allows them to fraudulently obtain disability, unemployment, and fake medical payments. The fraud occurs because government databases don't communicate well. For example, the Treasury's main payments computer, PAM, handles $5 trillion in payments annually, roughly a billion dollars an hour. We discovered payments lacked categorization codes and descriptions, essentially untraceable blank checks. If a public company operated this way, it would be delisted, and executives would face imprisonment.

The speaker reports that $4.4 billion in unused COVID funds were identified, with $1.4 billion already returned to the U.S. Treasury. The Department of Labor exposed unemployment insurance fraud since 2020, with over $400 million in payments already disbursed fraudulently. Specifically, almost 25,000 people over 115 years old collected $59 million. 28,000 people between one and five years old received $254 million in fraudulent payments. $69 million went to 10,000 people not yet born, including one case where $41,000 was sent to someone who will be born 129 years in the future. The speaker says they are honored to return these dollars to the U.S. Treasury.

The US Treasury Department has been flagged for potential waste and abuse of taxpayer funds, with about 23% of entitlements, roughly $50 billion annually, going to recipients without known Social Security numbers or IDs. This equates to about a billion dollars a week in potential fraud. Adding to the concern, the Treasury Department hasn't been keeping itemized records of their payouts, making it impossible to track where the money is actually going. Fortunately, an agreement has been made where the Treasury Department will start itemizing all payments, detailing where the money is going and to whom. It's unbelievable that the Treasury hasn't had to provide accountability for where taxpayer money is being spent, especially when individual taxpayers are held to a much higher standard.

For over a decade, I’ve been exposing egregious Washington waste with my monthly SQUEAL awards. Some examples are too outrageous to believe. I’m talking about bureaucrats approving PPP loans for applicants who used pictures of dolls for IDs. Imagine giving Barbie or Ken a taxpayer funded loan. Not only that, but they also believe folks claiming to be over 115 years old were alive and well enough to be approved for 3,095 PPP and idle loans worth $333,000,000 including $36,000 to a 157 year old. That’s pure hogwash. But this is only the tip of the iceberg. Instead of boosting Main Street, millions of your tax dollars were wasted through USAID to fund Iraqi Sesame Street. And this one is unacceptable. Improper payments or the government tossing cash into the wrong trough have become commonplace. In fiscal year twenty twenty four, federal agencies shoveled out $162,000,000,000 in improper payments. The most frustrating part is how simple it is to stop this waste. A report by the Pandemic Response Accountability Committee found that $79,000,000,000 in potential COVID fraud could have been prevented if four basic questions were asked. One, is the applicant's social security number valid? Two, if valid, does the name connected to that number match the name on the application? Three, does the birthday match? And lastly, is the individual alive? Seriously, folks, that could have saved $79,000,000,000 right there. The good news is that we can prevent nearly all improper payments in the future with my Doge in Spending Act that enacts common sense guardrails like those four simple questions.

Transnational fraud rings, terrorist organizations, and even nation-states are being funded by taxpayer dollars. During the pandemic, one trillion dollars was stolen, with 70% going overseas. For example, in one Western state, unemployment insurance applications exceeded the number of adults. Romanian criminals used stolen funds to facilitate fraud schemes involving fentanyl and attempts to undermine our democracy. While 99% of public sector employees are honest, some exploit the system. Data and technology are crucial to identifying these individuals. Recent examples include a breach of a Medicaid system in a Western state, resulting in $50 million stolen in under four months. These aren't individual thieves, but organized criminal groups, both domestic and transnational.

The Doge report reveals that US healthcare corporations spent 95% of their income on shareholder payouts, totaling $2,600,000,000,000 over the last 20 years. US taxpayers reportedly pay about 70% of these fees. Additionally, $2,700,000,000,000 in taxpayer money has allegedly been improperly paid out in Medicare and Medicaid to people outside of the United States.

The Treasury pays out $5 trillion per year, and previously, payments lacked budget codes, obscuring their purpose. A $4 billion COVID fund in the Department of Education had no receipt requirements, leading to funds being used to rent Caesars Palace and stadiums for parties. When a receipt upload requirement was implemented, fund drawdowns ceased, even though the receipts were not verified. Fraud often starts small and hidden, but escalates over time if unchecked, eventually becoming brazen, such as renting out stadiums.

Transnational fraud rings, terrorist organizations, and even nation-states are being funded with taxpayer dollars. During the pandemic, one trillion dollars was stolen, with 70% going overseas. For example, one state had more unemployment claims than adults. Romanian criminals used stolen funds for fentanyl and to undermine our democracy. While most public servants are honest, some exploit the system. In one recent case, individuals stole $50 million from Medicaid in under four months. These aren't individual thefts, but organized criminal groups, both domestic and transnational, that we need data and technology to stop.

Chairman Marcia Taylor Green's subcommittee discovered $2.7 trillion in improper payments to Medicare, Medicaid, and overseas recipients. These payments went to individuals who should not have received them. Doge is identifying fraud, waste, and abuse daily. Elon Musk mentioned Social Security payments being sent to deceased individuals. There are also contracts where, for example, a million dollars was allocated, but only $500,000 was disbursed, raising questions about the missing funds. Doge is actively addressing these issues. President Trump campaigned on this and is delivering on that promise.

The Treasury pays out $5 trillion per year, and previously, payments lacked budget codes, obscuring their purpose. A $4 billion COVID fund in the Department of Education had no receipt requirements, leading to funds being used to rent Caesars Palace and stadiums for parties. When a receipt upload requirement was implemented, fund drawdowns ceased, even though the receipts were not verified. Fraud often starts small and hidden, but escalates over time if unchecked, eventually becoming brazen, such as renting out stadiums.

Modernizing American medicine will address waste, fraud, and abuse. Last year, 230,000 Americans on Obamacare plans were unaware of their enrollment; brokers profited by enrolling them without their knowledge. California has taken millions of dollars from the federal government to provide free health insurance for illegal immigrants. The government intends to recoup this money. Medicaid patients are also being enrolled in multiple states, resulting in the federal government paying multiple states for the same individual without ensuring they receive adequate healthcare.

My team at the Department of Government Efficiency (DOGE) uncovered $100 billion in wasted Medicare and Medicaid funds. Working with two senior CMS veterans, we had read-only access to their payment and contracting systems. Our mission was to find ways to use resources more effectively, but we discovered massive waste and potential fraud. CMS processes over a billion Medicare claims annually and manages billions in Medicaid funds. They recently suspended 850 agents for suspected fraud. The Department of Justice has also been prosecuting healthcare fraud cases, with billions of dollars in losses. This discovery highlights a massive scandal, potentially the biggest in US history, and is prompting calls for similar transparency initiatives in other countries. We need major reform, absolute transparency over tax spending, and human oversight to ensure this doesn't happen again.

The Doge report reveals that US healthcare corporations spent 95% of their income on shareholder payouts, totaling $2,600,000,000,000 over the last 20 years. US taxpayers reportedly pay about 70% of these fees. Additionally, $2,700,000,000,000 in taxpayer money has been improperly paid out in Medicare and Medicaid to people outside of the United States.

We're uncovering massive fraud, waste, and abuse daily. Recently, it was discovered that there were $2.7 trillion in improper payments to Medicare, Medicaid, and overseas. Social Security payments are even going to deceased individuals. We're also seeing contracts where the full amount wasn't delivered. For example, a million-dollar contract might only see $500,000 distributed, and we're working to find where the rest of the money went. This is exactly what I campaigned on, and what 77 million people elected me to do.

A lot of Americans' money has been stolen through fraud and improper payments. In one of my first hearings, we discovered criminals using social security numbers of dead people or people over 115 years old to get small business loans and steal money from federal programs. We need to work to fix these issues in our legislation, budgets, and appropriations. This is a bipartisan issue; we're addressing money being fraudulently used and stolen. The American people are being robbed blind through improper payments, fraud, and outdated systems. Some federal agencies hire third-party vendors to hold data instead of communicating within the government. We are currently $36 trillion in debt, and we can't afford to keep losing money this way.