Sunday, February 09, 2025

$50 Billion/Year in Fraud Entitlements

 That "I was told" means there's some squish-room in the numbers, but....

... 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. 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!!...Elon Musk/X

There's a REASON that Social Security, Medicare, and Medicaid are going bankrupt.  That reason is Government Employee Laziness and Incompetence--plus--in many cases--outright malicious cooperation in fraud.  (Yes, there are other reasons such as under-taxation in the case of Medicare.)

Further, Musk tells us that there are agreed-upon changes which WILL be made.

 - 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...

How will ActBlue survive this?

Answer:  it won't.

No comments: