Musk clarifies the consensus between the DOGE team and the US Treasury Department that annual financial fraud could reach $50 billion

BlockBeats News: On February 9th, Musk posted on social media clarifying the reasonable measures agreed upon by the DOGE team and the US Treasury Department: ·Require all government payments to be accompanied by payment classification codes, which is necessary for passing financial audits. However, this field is often left blank, making auditing almost impossible· All payments must include the payment reason in the remarks column, which is currently usually empty. It is important not to make any judgments on these reasons for the time being, but only to demand at least some explanation, which is better than not writing anything at all· The DO-NOT-PAY list must be truly implemented, which includes known fraudulent entities, deceased individuals, accounts that may be disguised as terrorist organizations, and recipients who do not match congressional appropriations. At present, some objects may take up to a year to be included in the list, which is too slow. The list should be updated at least once a week, preferably daily. The above obvious and necessary changes are being implemented by existing civil servants who have been working in the government for a long time, not anyone in the DOGE team. It's ridiculous that these basic measures haven't been implemented before! "Yesterday, I was told that at present, more than 100 billion dollars of government welfare payments go to individuals without social security numbers (SSN) or temporary ID number numbers every year. If this data is true, it is extremely suspicious. When I asked officials from the Ministry of Finance if they could roughly estimate the proportion of these payments that were clearly fraudulent, the consensus in the room was about 50%, which is $50 billion per year, equivalent to $1 billion per week