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DOGE says $312M in loans were given to children during COVID pandemic

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Uncovering Government Waste: The Department of Government Efficiency’s Latest Discoveries

Loans to Children and the Elderly Raise Red Flags

The Department of Government Efficiency (DOGE), led by Elon Musk, has uncovered shocking instances of potential fraud and misuse of federal funds. In a recent announcement, DOGE revealed that the Small Business Administration (SBA) granted nearly 5,600 loans totaling $312 million to individuals whose listed age was 11 years or younger at the time of application. These loans were issued in 2020 and 2021, during the height of the COVID-19 pandemic, and their purpose remains unclear. DOGE noted that while there may be rare cases where such loans could be legal, the likelihood of legitimacy is slim, especially since the Social Security numbers used in these cases did not match the names provided.

In addition to loans to minors, DOGE also identified 3,095 loans worth $333 million that were issued to individuals aged 115 years or older. Some of these borrowers were still marked as alive in the Social Security database, including one 157-year-old who received $36,000 in loans. These findings were highlighted during a recent address by former President Donald Trump, who criticized the prevalence of payments to individuals over 100 years old, even referencing one case where a person was reportedly 360 years old. Trump emphasized the need to investigate and address these anomalies, stating that millions of such cases exist.

Contract Terminations and Cost-Saving Measures

As part of its mission to root out waste and inefficiency, DOGE has also canceled 162 nonessential contracts across the federal government, with a total ceiling value of $205 million. These terminations are expected to save taxpayers $90 million. Among these contracts was a $10.3 million agreement with the Department of Agriculture, ironically intended to identify unnecessary contracts. DOGE characterized the termination as a step toward greater accountability and fiscal responsibility.

Elon Musk has been vocal about the need for drastic action to curb government waste, warning that the U.S. risks bankruptcy if systemic inefficiencies are not addressed. During a recent meeting with a small group of House Republicans, Musk expressed confidence that DOGE could identify up to $1 trillion in government waste. While acknowledging the potential for mistakes along the way, Musk emphasized the importance of swift corrective action to ensure accountability and transparency.

Collaboration and Accountability in Addressing Waste

DOGE’s discoveries have sparked widespread concern and calls for greater oversight of federal programs. The agency is working closely with the SBA to investigate the questionable loans and ensure that taxpayer dollars are being used appropriately. This collaboration underscores the importance of interagency cooperation in addressing systemic issues and preventing future abuses.

In addition to its work with the SBA, DOGE is engaging with lawmakers and other stakeholders to push for broader reforms. Musk’s meeting with House Republicans highlights the bipartisan nature of the issue, as elected officials from both sides of the aisle recognize the urgent need to address government waste and corruption. By leveraging data and technology, DOGE aims to bring greater transparency to federal operations and restore trust in government institutions.

The Bigger Picture: Restoring Trust in Government

The revelations about loans to minors, the elderly, and the termination of unnecessary contracts are just the tip of the iceberg in DOGE’s efforts to overhaul government efficiency. These findings underscore the urgent need for reforms that prioritize accountability, transparency, and responsible spending. As DOGE continues its work, the agency is not only saving taxpayer dollars but also sending a clear message that waste and fraud will no longer be tolerated.

In a broader context, DOGE’s initiatives reflect a growing demand for accountability in government. With the nation facing significant fiscal challenges, the identification and elimination of waste are critical to ensuring that taxpayer dollars are used effectively. By taking bold steps to address these issues, DOGE is setting a new standard for government efficiency and paving the way for a more transparent and responsible future.

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