DOGE Uncovers ‘Magic Money Computers’ Issuing Payments From Treasury

____________________________________________________________________________________
OPINION: This article may contain commentary which reflects the author’s opinion.
____________________________________________________________________________________

Elon Musk told Sen. Ted Cruz (R-TX) on Monday that “magic money computers” within the U.S. government are generating payments “out of thin air,” leaving lawmakers clueless about federal spending.

Speaking on Cruz’s podcast, Musk revealed that 14 such systems exist within the U.S. Treasury and other agencies, transferring large sums without the necessary evidence to justify the payments. Musk claimed that in departments housing one of these systems, reported spending could be off by as much as 5 percent of the budget when presented to Congress, while Cruz suggested that these improper payments could potentially total “trillions” of dollars.

“They’re mostly at Treasury,” Musk said about the computers discovered by his U.S. Department of Government Efficiency, or DOGE, “but there’s some at [Health and Human Services], there’s one or two at State, there’s some at [the Department of Defense].”

“I think we’ve found now 14 magic money computers. They just send money out of nothing,” he told the Texas Republican senator.

Expounding on DOGE’s discovery, the unconventional entrepreneur explained that the presence of these computers prevents the Treasury Dept. from fully informing lawmakers about the federal government’s total spending.

“You may think that government computers all talk to each other, they all synchronize, they add up what funds are going somewhere and its coherent and that the numbers you’re presented as a senator are actually the real numbers. They’re not,” he said.

“How does it work?” Cruz asked.

Musk responded: “It just issues payments!”

WATCH:

The federal government, as the issuer of the U.S. dollar, possesses the ability to print or create money to meet its financial obligations, a concept known as modern monetary theory.

Experts speaking with the Daily Mail speculated that Musk’s disclosure might be an effort to pressure Trump Treasury Secretary Scott Bessent to end this controversial practice.

“Either Elon is dumb, which we know he’s not, or this is a cynical ploy to undermine trust in Treasury. @SecScottBessent should tell us whether he agrees with this,” wrote journalist Laura Windsor on X.

“They’re actually kinda correct. The federal government issues money out of thin air. It’s not like a household that needs to have a dollar before spending it. The gov is the *issuer* of the dollar—so it creates it. We can either use it to pay for healthcare or fund wars overseas,” said The Debt Collective, a group that encourages those with student loan debt to go on strike and withhold payments.

Earlier this month, DOGE released shocking findings that the Biden-Harris administration had awarded hundreds of millions of dollars in government contracts to an unexpected group: children.

An agency announcement revealed that the Small Business Administration disbursed $312 million in payments to companies whose purported owners are under the age of 11. This disclosure comes as DOGE works to root out waste, fraud, and abuse in federal spending.

“While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used an SSN with the incorrect name,” the agency wrote. “@DOGE and @SBAgov are working together to solve this problem this week.”

During the announcement, DOGE also disclosed that an additional $333 million was distributed in 3,095 loans between 2021 and 2022 to businesses owned by individuals aged 115 or older.

In cases involving businesses allegedly owned by children, Biden administrators approved nearly 5,600 such loans between 2020 and 2021—almost all of which were forgiven without repayment after the owners pledged to use the funds to avoid staff layoffs.

Post Views: 1

Related Articles