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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 speaker discusses the new Department of Government Efficiency, potentially led by Elon Musk. They investigated four instances of wasteful spending that Donald Trump mentioned. $22 billion from Health and Human Services went to housing and transportation for documented migrants. $60 million went to indigenous peoples and Afro-Colombian empowerment in Central America via USAID, with unclear results. $32 million went to the Republic of Moldova for a left-wing propaganda operation, also via USAID. $42 million went to Johns Hopkins University for behavior change in Uganda, funded by USAID. Trump claimed $25 billion in waste. A Rasmussen poll shows that 59% of Americans support auditing Social Security, and 61% believe an audit would reveal widespread fraud. 55% are confident they'll receive promised Social Security benefits. 43% trust Democrats more to handle Social Security, while 44% trust Republicans. The speaker questions whether Democrats will watch spending.

Speaker 0 introduces a campaign to cut government waste, specifying that deficit reduction requires cutting billions from valued programs, but eliminating pointless waste should be easy. Speaker 1 claims 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, such as transgender animal surgeries. Speaker 1 also questions why twenty million people who are definitely dead are mocked as alive in the Social Security database.

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.

Speaker 0 asks for examples of how taxpayer dollars are funding transnational fraud rings, terrorist organizations, and adversarial nations like North Korea, China, Nigeria, Iran, Romania, and Russia. Speaker 1 states that during the pandemic, one trillion dollars was stolen, with 70% going overseas. 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 impact democracy. While most public servants are honest, data and technology are needed to identify insider threats. Recent examples include a $50 million Medicaid theft in a Western state within four months. These thefts are attributed to organized criminal groups, both domestic and transnational.

Speaker 0: The seventy six day period is the time between when President Trump was elected and President Biden left office. Is that right? Speaker 1: Correct. During that period, from the loan program office in loans and commitments, $93,000,000,000 went out the door—well over twice as much as in the previous fifteen years. There were funds that went out the door and commitments made from businesses that provided no business plan and no numbers about their own financial solvency or how this project... Speaker 0: So you’re telling me that the Department of Energy, in the seventy six day period, before their boss was going to leave office, gave our loan money to entities that had no business plan? Correct. No financials? Speaker 1: Correct. I’ve come in with great concern about how this institution, Speaker 0: this great American institution has been run and how American taxpayer money has been handled. You’re going back through and checking each one of these loans and these grants to make sure there was no stealing, aren’t you? Speaker 1: We’re looking at that, and yes, my blood pressure is rising right now just thinking about what we have seen and what did happen at the moment. Gonna tell some of these boondoggles no, aren’t you? Speaker 0: That’s correct. I am. It’s rare that I’m speechless, but I want to be sure I understood. The people running the Department of Energy for President Biden’s administration shoveled $93,000,000,000 out the door in seventy six days, and it just happened to be the time between when President Trump was elected and President Biden, their boss, was leaving. Is that right? Speaker 1: It is correct and distasteful. Confidence undermining. My god.

The speaker announces anticipated savings of $150 billion in FY 2026 by reducing waste and fraud, citing examples such as people fraudulently receiving unemployment insurance. The speaker suggests waste and fraud are easily found within the government. The speaker believes these savings will result in better services for the American people and ensure tax dollars are spent sensibly. Speaker 0 praises the team's skills in identifying previously unnoticed issues and their computer proficiency, expressing a desire to retain them long-term. Speaker 1 mentions working with Howard on the "Trump gold card operation."

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 Small Business Administration gave loans to dead people, people over 115 years old, and even people with birthdates in the future. The total amount of loans given to those who were either babies, dead, or not even born yet was $660,000,000. One instance included someone with a birthdate more than a century from now. The question is whether these errors are due to fraud or typos.

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.

Doge's survey of unemployment insurance claims since 2020 revealed that 24.5k people over 150 years old claimed $59 million, 28k people between one and five years old claimed $254 million, and 9.7k people with birth dates over fifteen years in the future claimed $69 million. The Department of Labor stated they are committed to recovering stolen tax dollars. Elon Musk noted the oldest living American is 114, so anyone 150 or older collecting unemployment is likely deceased. Antonio Gracias found that 1.3 million individuals are on Medicaid, with thousands registered to vote in some states. He stated a program designed for people they want to let in was abused, allowing illegals at the border to enter legally and receive Social Security cards without interviews, accessing every benefit. He claims many of these individuals have registered and voted. The system is so complex it may need to be dismantled and rebuilt. There is a call for accountability and a need to ensure this fraud never happens again.

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.

Since 2012, the government has wasted nearly $3 trillion in taxpayer money. Last year alone, improper payments totaled $247 billion. This includes payments to deceased individuals; over $530 million in pension payments went to dead people. Medicare improperly paid out $47 billion, and Medicaid, $81 billion. Fraudulent payments under the Biden administration reached $764 billion in just three years. These improper payments add up to $2.8 trillion – enough to cover five years of US foreign aid. This amounts to $850 per person in the country.

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.

We've identified shocking incompetence and probable fraud in the Social Security program. Government databases list millions of Social Security members at impossible ages: 4.7 million from 100-109 years old, 3.6 million from 110-119 years old, 3.47 million from 120-129, 3.9 million from 130-139, and 3.5 million from 140-149. Money is being paid out to many of these individuals because the payments continue without proper oversight. This hurts Social Security and our country. The databases even list 1.3 million people from 150-159 years old and over 130,000 people over 160 years old. We are currently investigating this issue.

The speaker outlines several policy and oversight actions within HUD and related agencies. First, they assert that non-permanent residents are no longer eligible for FHA insured mortgages, and that public housing authorities are being audited to ensure taxpayer dollars do not support illegal aliens, insisting that “American dollars should benefit American citizens and American citizens only.” Despite these emphasis on restricting benefits, the speaker notes that HUD previously provided a pathway for home ownership and supported housing affordability for more than 1,000,000 Americans through FHA and Ginnie Mae, highlighting the agency’s impact in expanding access to housing and affordability. On stewardship and accountability, the speaker emphasizes a strong focus on cracking down on waste and fraud and abuse. They cite findings from the office of the chief financial officer (CFO) regarding potential financial issues: more than $5,000,000,000 in potential payment errors and over $50,000,000,000 in total rental assistance for fiscal year 2024. They also point to a specific problem within that broader amount: money that went to nearly 30,000 dead people. The speaker characterizes these financial findings as ludicrous and unacceptable, stating that such issues are a violation of the sacred trust with American taxpayers. They assert that the problem “has to end, and it will,” signaling a firm commitment to ending waste, fraud, and abuse and to restoring confidence in the management of housing programs and related federal dollars.

The Small Business Administration reportedly gave loans to dead people and people with impossible ages, totaling around $330 million. Some recipients had birth dates placing them over 115 years old, while others had birth dates in the future, such as 2165. These errors suggest potential fraud or incorrect data entry. The question is whether these discrepancies are due to typos or identity theft.

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.