https://m.economictimes.com/news/international/us/massive-treasury-error-doge-blows-the-whistle-uncovers-4-7-trillion-mystery-in-payments-that-lack-traceability/articleshow/118362275.cms
https://www.zerohedge.com/political/doge-finds-47-trillion-virtually-untraceable-treasury-payments
mmt of this Sept 10th 2001 speech that Donald Rumsfeld gave as Sec of Defense early on in Bush's first term
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The phrasing here is... odd. It sounds like whatever table they're using for this has the field as optional and also contains $4.7T of payments, but "was often left blank" implies that the field was not always left blank (or even most of the time?) so you can't tell how much money ACTUALLY has a blank code.
Now I don't think Elon is as r-slurred as some redditors do, which leads me to believe that it was phrased this way because the actual sum of payments without the code is much less than $4.7T.
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okay reuters
https://www.reuters.com/fact-check/rumsfeld-did-not-reveal-loss-23-trillion-day-before-911-2023-09-14/
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TAS sounds like it's just an ID number attached to a specific account (UUIDs)
so in the information system you'd have business names or individuals, but there was no unique identifier for that company, so it makes it difficult to track which is which, because business often operate under multiple names or entities with variations.
"$50 -> business ABC (unique ID)"
"$100 -> business, ABC (unique ID)"
just a data issue not lost money
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Holy shit. Half of SS and a big chunk of our federal deficit is just fraud. That means we can just prosecute those responsible and rescue the federal budget. Great job Elon!
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"To read a newspaper is to refrain from reading something worthwhile. [....] The first discipline of education must therefore be to refuse resolutely to feed the mind with canned chatter."
― Aleister Crowley
Snapshots:
https://m.economictimes.com/news/international/us/massive-treasury-error-doge-blows-the-whistle-uncovers-4-7-trillion-mystery-in-payments-that-lack-traceability/articleshow/118362275.cms:
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https://nypost.com/2025/02/17/us-news/doge-discovers-4-7-trillion-in-treasury-payments-were-missing-critical-code/:
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https://www.foxnews.com/politics/doge-says-found-nearly-untraceable-budget-line-item-responsible-4-7t-payments:
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https://www.independent.co.uk/news/world/americas/us-politics/doge-4-7t-treasury-payments-untraceable-b2700115.html:
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https://www.zerohedge.com/political/doge-finds-47-trillion-virtually-untraceable-treasury-payments:
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