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@TheChiefNerd - Chief Nerd

🍿🍿🍿

@RapidResponse47 - Rapid Response 47

.@elonmusk: "We find it sort of rather odd that there are quite a few people in the bureaucracy who have a salary of a few hundred thousand dollars but somehow manage to accrue tens of millions of dollars in net worth while they are in that position... We're just curious as to where it came from."

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We've found some odd things, like bureaucrats with modest salaries somehow accumulating millions while in their positions. It makes you wonder where that money comes from. It seems taxpayers are footing the bill for this wealth. Basic controls that any company would have are missing at Treasury, like payment categorization codes or comments explaining payments. The "do not pay" list, meant for terrorists and fraudsters, takes up to a year to get on and isn't even used. Departments fail audits because of these missing controls. It boils down to complaint minimization. Approving all payments avoids complaints, even from fraudsters. But we need to complain when money is misspent and demand taxpayer dollars are used wisely. It's just common sense. We even see people claiming Social Security who are 50 years old!

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Speaker 0: Could you mention some of the things that your team has found? Some of the crazy numbers including the woman that walked away with about 30,000,000, etcetera? Speaker 1: Well, we we we are we do find it sort of rather odd that, you know, there there are quite a few, people in in in bureaucracy who who have a, ostensibly, a salary of a few hundred thousand dollars, but somehow managed to accrue tens of millions of dollars in net worth, while they are in that position, which is, you know, what what happened to USAID. We're just curious as to where it came from. Maybe they're very good at investing. They, in which case, we should take their investment advice perhaps. But, just there seems to be mysteriously, they they get wealthy. We don't know why. Where did it come from? And, I think the reality is that they're getting wealthier to taxpayer expense. That's that's the that's the honest truth of it. So, you know, we we're looking at, say, we we we won't just if you look, say, say, say, treasury, for example, basic controls that should be in place, that are in place in in any company, such as making sure that any given payment has a payment categorization code, that there is a comment field that describes the payment, and that if it if a payment is on the do not pay list, that you don't actually pay it. None of those things are true currently. Currently. So the reason that departments can't pass audits is because the payments don't have a categorization code. It's like just a massive number of blank checks just flying out the building. So you can't reconcile blank checks. You've got comment fields that are also blank, so you don't know why the payment was made. And then we've got this truly absurd, a do not pay list, which can take up to a year before an organization to get on a do not pay list. And this we're talking about terrorist organizations. We're talking about, known fraudsters, known aspects of waste, known things that do not match any congressional appropriation. It can take up to a year to get on the list. And even what's on the list, the list is not used. It's mind blowing. So so what what we're talking here, we're we're really just talking about adding common sense controls that should be present, that that haven't been present. So you said, like, well, how could such a thing arise? That's that seems that seems crazy. The when you understand that that, really, everything is geared towards complaint minimization, so that that then you understand the motivations. So if people receive money, they don't complain, obviously. But if people don't receive money, they do complain. And and the fraudsters complain the loudest and the fastest. So, then when you understand that, then then it makes sense. Oh, that's why everything just they approve all the payments at Treasury. Because if you approve all the payments, you don't you don't get complaints. But now now we're saying that, no. Actually, we we are gonna complain. If if money is spent badly, if the if your taxpayer dollars are not spent in a sensible and frugal manner, then that's not okay. Your your tax dollars need to be spent wisely on things that matter to the people. I mean, these things, like, it's just common sense. It's not it's it's it's not draconian or radical, I think. It's it's really just saying, let's look at each each of these expenditures if it's not, we should think about it. So, you know, there's crazy things like just cross re examination of Social Security, and we've got people in there that are 50 years old. Now do you know anyone 50? I don't know. Okay. This they should be on the Guinness Book of World Records. They're missing out.

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Token ID	reSee.it #91279
𝕏 Link	https://x.com/_/status/1889428470532382800
Token URI	ipfs://bafybeihj7krb6agybqb72sl6x5clhvfktnlqu7w5fazakk53hwyugtjyby
Saved Media	ipfs://bafybeieuhigeniwulldseb5w33us3kmuz2kducr53ripfn7rur536iswne
Post ID	1889428470532382800
Embedded Post IDs	1889428322813153769
𝕏 Post Created
Author	@TheChiefNerd
Author Name	Chief Nerd
Author Profile	https://x.com/TheChiefNerd
Chain	Base
𝕏 Post Saved
First Archiver	@James_White_101
Contract Address	0xa1a1a1a6EaBEAF37837ccdB47A2aC98603302DAe

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