SHOCK: Treasury Dept has no Record of What they Spend

February 10, 2025 — bunkerville

Now we learn that the Treasury Department has not a clue of what they spend. “The Treasury Department and Elon Musk’s DOGE has agreed that going forward, the Treasury Department will now itemize all of the payments that they make, like where the money’s going to, what entities, to whom”

Trump says Elon is going Department by Department.

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Elon Musk:

To be clear, what the @DOGE team and @USTreasury have jointly agreed makes sense is the following:

– 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, not anyone from

@DOGE

. It is ridiculous that these changes didn’t exist already! 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!! This is utterly insane and must be addressed immediately.

Not enough?

Shocked you say? Not yet.

Meanwhile the Democrats are up in arms including a judge that somehow Musk and his Merry band of men are going to take a glance at individual’s information as they check out the “waste fraud and abuse” but wait, we just learned all about that in the earlier clip.

Good luck America. A whole lot of people are having a sleepless night. Let’s see what Musk finds tomorrow.

The best of the swamp.

Posted in Deep State. Tags: , , , , , , . 22 Comments »

Treasury tells China…Why don’t you buy G.M.?

September 21, 2010 — bunkerville

I caught this on Fox. It was reported that the Treasury Dept…Timmy no doubt, was pedaling General Motors to Communist China. Encouraging them to buy up General Motors. Of course it makes perfect sense..to them and their political views. After screwing the bond holders out of their money, and taking care of the Unions… lets give it to China. As Fox pointed out, what about our national interest? When foreign companies were trying to buy our oil companies, the congress reacted. Where are the hearings? 

One big happy family

One big happy family

And how about our October post….oh this has been in the works since Obama landed in the Whitehouse!  GM anounces China-GM Science Lab  where our tax dollars went to the poor chinese to develop the latest.

Perfect Sense’ 

“Politics and government relationship aside, it makes perfect sense,” said Bill Russo, Beijing-based senior adviser at Booz & Co. “Why can’t there be a China-America alliance? Fear of China is the only reason.”  Sounds like a good one to me.

GM’s initial public offering will be open to overseas investors, the U.S. Treasury said in a statement on its website. Retail and institutional investors will be offered shares, and the Treasury “will not involve itself in decisions regarding allocation of shares to specific buyers,” the department said. So good bye G.M. 

SAIC Motor Corp. said it may invest in the initial public offering of partner General Motors Co., cementing ties between the biggest U.S. and Chinese automakers. 

China’s largest carmaker will consider investing in GM if “conditions are favorable,” Chairman Hu Maoyuan said in Shanghai yesterday. The company hasn’t yet made a decision whether to make the investment and is waiting for the details of the share sale, he said yesterday. Or how about if Americans will stand for this!~ 

More here at Bloomberg

Posted in Government. Tags: , , , , , , , . 2 Comments »

New agency to have subpoena power for all financial data

April 6, 2010 — bunkerville

The  other part of this fiasco of the new Regulatory Bill,- that giving Treasury Dept. the power to determine if any company represents a “Systemic Risk” is mind numbing. It would have the sole discretion of dissolving the company. The Obama-Backed Financial Reform Bill Would Create New Bureaucracy with Power to Subpoena ‘Any Data’ from ‘Any Financial Company’

The financial regulatory bill, which passed the Senate Banking Committee on March 22 with President Barack Obama’s backing and is now a top priority for congressional Democrats, would create a new Treasury Department bureaucracy authorized to collect any and all information from “any financial company” to analyze whether financial firms and their business practices might threaten financial stability.

The new bureaucracy would have subpoena power. “The Director may require, by subpoena, the production of the data requested,” the bill says.
 
The Office of Financial Research also is empowered to “monitor, investigate, and report” on any changes in “system-wide” levels of financial risk, as well as to “investigate disruptions and failures in the financial markets” with the results of such investigations being used to recommend new government regulations. http://www.cnsnews.com/public/content/article.aspx?RsrcID=63756

Posted in Obama. Tags: , . 2 Comments »