Elon Musk/DOGE Reveal $5 Trillion Of Unauthorized Spending Per Year!

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There is no Law Requiring most Americans to Pay Federal Income Tax

  

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Summary

➡ The Treasury, which handles about five trillion dollars in payments yearly, used to lack a system to track what payments were for. This led to misuse of funds, like a four billion dollar COVID fund in the Education Department being used for things like parties. To fix this, a rule was introduced requiring a receipt to be uploaded before money could be drawn from the fund.

Transcript

Sir. So, actually, a lot of great work at the Treasury this week. One of the crazy things with regards to the Treasury is that when a payment is made and the computers at the Treasury actually pay about five trillion dollars per year, like crazy amounts, there was formerly not a budget code on there. So if a payment was made you didn’t know actually what it was for. It could have been for anything. There was a four billion dollar COVID fund in the Department of Education and there was no receipts required so people could just draw down on it and when people looked into it, this wasn’t just before us, they found that money was being used to rent out Caesars Palace for parties, rent out stadiums, etc.

And so the one change that Doge made with Department of Education is we had the simple requirement that if you draw down money you must first upload a receipt. That was the only change that was made. You must upload your receipt. And upon doing so, nobody drew down any money anymore. Yes, but we didn’t say that we’d check the receipt. You could send a bank receipt. You could send a picture of your dog. Anything. Anything. Anything. But as soon as we asked for anything at all, suddenly the requests were like, oh we don’t need it anymore.

That’s interesting. They were renting Caesars Palace. Yes, they’re like basically partying on the taxpayer money. Stadiums. Yes. Leasing stadiums. Leasing stadiums. For what? For parties basically. For parties. Yes. That’s a big party. It’s a big party. You’d think if you were stealing you’d start small. They do start small. But then what happens is over the years, so generally the fraud starts out small and they try to hide it. But then year after year, if nobody stops the fraud, it gets more and more brazen. And every year it gets bigger until they’re literally renting out stadiums.

I like in the million dollars to rent out a stadium. Fraud infagrante de lecto. Okay. [tr:trw].

See more of Arcadia Economics on their Public Channel and the MPN Arcadia Economics channel.

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5G
There is no Law Requiring most Americans to Pay Federal Income Tax

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