The Urgent Need For D.O.G.E.! $4.7 Trillion In Virtually Untraceable Treasury Payments

Janet Yelllen, the former Federal Reserve Chair and Treasury Secretary under clueless Joe Biden was a disaster in every respect. As Fed Chair, she was noteworthy for her clinging to low rates for too long. And as Treasury Secretary, she is noteworthy for her gross fiscal mismanagement (look at the deficit and debt crisis!). Now Zero Hedge has this disastrous report of $4.7 TRILLION in virtuallly untraceable Treasury payments.

The Elon Musk-led Department of Government Efficiency (DOGE) on Monday revealed its finding that $4.7 trillion in disbursements by the US Treasury are “almost impossible” to trace, thanks to a rampant disregard for the basic accounting practice of using of tracking codes when dishing out money. 

With a debt load of $36.5 trillion and D.O.G.E. clock at $109 million and growing. Not to mention the $227 trillion in unfunded liabilities.

Mind you, it’s not as if such a federal tracking system wasn’t already in place — it simply went casually unused for all sorts of payouts adding up to an almost unfathomable $4.7 trillion. Without Treasury Access Symbol (TAS) identification codes associated with those payouts, there’s little hope in figuring out where all that money went. 

“In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible,” DOGE announced via its X account. Thanks to DOGE, those “optional” days are over. “As of Saturday, this is now a required field, increasing insight into where money is actually going,” DOGE added. 

Musk celebrated the move. “Major improvement in Treasury payment integrity going live!” he tweeted. “This was a combined effort of DOGE, USTreasury and FederalReserve. Nice work by all.”

DOGE’s scrutiny of various government agencies is eliciting high-pitched shrieks from nearly every leftist in America, from establishment politicians who don’t want the curtain that hides their hijinks and grifting torn down, to your liberal sister-in-law who thinks the government has an endless supply of money and that it spends it all virtuously.  

Earlier this month, Treasury Secretary Scott Bessent pushed back on portrayals of DOGE employees as reckless rogues. “These are highly trained professionals,” he told Bloomberg“This is not some roving band going around doing things. This is methodical and it is going to yield big savings.”

In the wake of the latest revelation that makes normal people glad that DOGE teams are scouring the federal government, Democrats desperately tried to find a way to make it sound bad that DOGE exposed trillions in untraceable payouts and promptly instituted tighter accounting discipline. 

Meanwhile, leftists have also been foaming at the mouth over news that DOGE staffers are looking into the Social Security Administration’s (SSA) books, as if they were going to start rerouting funds to Tesla. Considering Social Security is careening toward mandatory benefit cuts as soon as 2033, everyone should welcome a team of financial professionals making sure the system isn’t being drained by improper payments

Of course, that appears to be exactly what’s been happening. On Sunday night, Musk said DOGE might be on the trail of “the biggest fraud in history,” as SSA data appears to show that 20.789 million Americans over the age of 100 are collecting Social Security retirement benefits. That includes 12 million who are purportedly over 120 years old

Bent on derailing DOGE, Democrats have sued to prevent the organization from accessing federal data associated with the Office of Personnel Management, and the Health and Human Services, Education, Energy, Transportation, Labor and Commerce departments. On Monday, the federal judge handling the request for a restraining order expressed skepticism over Democrats’ challenge, noting that their “evidence” was largely media speculation about potential harms springing from DOGE’s activities: “The courts can’t act based on media reports. We can’t do that.

A ruling is expected Tuesday. Here’s looking forward to DOGE proceeding to uncover a relentless string of scandals for months and months to come. 

The Obama/Biden/Harris Economic Model: Spend Trillions, Borrow Trillions, Hire Gov’t Workers (Hand Our Grandchildren The HUGE Bill)

There have been to significant jumps in the Federal Debt. The first coming after the financial crisis of 2008 and election of Obama/Biden in 2008. The second with the outbreak of Covid in 2020 and the election of Biden/Harris in 2021.

The Federal (public) debt was just over $10 million when Obama/Biden were elected and it now stands at a staggering $35.7 trillion. That represents over a tripling of the Federal debt under Obama/Biden/Harris. So when asked what she would do diffeerent than Biden, Harris replied “Nothing comes to mind.” That means MORE spending, MORE debt and MORE unproductive Government jobs.

Here is a chart of public debt and GDP under the triumvirate of Obama, Biden and Harris. No, not Julius Caesar, Pompey, and Crassus). But it is feeling like the Roman Empire prior to its collapse.

Here is a chart of government jobs and government expenditures. Great for government workers, bad for everyone else.

Of course, SOMEBODY has to pay the growing gov’t debt burden. Rest assured it won’t be Obama/Biden/Harris.

Here is Obama holding court.

US Dollar Eroded-20% Under Biden/Harris Ring Of Fire (Federal Reserve Was Co-conspirator In Rampant Inflation)

The US has fallen into a Ring of Fire under Biden/Harris horrid economic policiies.

But Biden/Harris had help from their deep state partner, The Federal Reserve.

The purchasung power of the US dollar has fallen by a whopping -20% under Biden/Harris. No wonder Harris is afraid to talk to reporters about her plans.

The children in Congress went on a spending spree as a result of COVID resulting in record inflation.

The deep state’s financing arm, The Federal Reserve, certainly helped create inflation by ramping up M2 Money supply around Covid.

Of course, children in Congress and Harris/Walz will use ANY excuse to tax and spend (and borrow/spend). The most recent inflation report had CPI growng at 2.5% YoY resulting in a further decline of purchasing power of the US dollar of -2.5% YoY.

Harris/Walz fully intend to keep shoveling TRILLIONS into green energy transformation and supporting illegal immigrants.

JOLT’IN Joe! US Job Openings Almost Exclusively Government Jobs (Productive Private Sector Jobs Barely Grow At 2.8% While Unproductive Government Jobs Grow 20%)

No, Joe Biden isn’t Joltin’ Joe Di Maggio (the Yankee Clipper). Joe Biden is a Socialist who loves government and hates free markets. I feel like Biden and his junta are emuilating the old Soviet Union and Communism. Those of us who still love free markets are back on the chain gang.

After two months of sharp declines in the number of job openings, moments ago Biden’s highly politicized Department of Labor reported that in May, the number of job openings unexpectedly spiked by a whopping 221K, to 8.140 million – far above the 7.950 million estimate – from a downward revised April print of 7.919 million, down 140K from the original print of 8.059 million.

Job revisions aside, there was only a 2.8% increase in private sector job openings in May. On the other hand, nonproductive job openings (aka, government) were up a staggering 20% in May.

C’mon man, hiring government workers doesn’t grow the economy in an organic way. Just a Soviet way.

Soviet Joe and the new Eva Peron. Don’t cry for Jill Biden, she is a half-wit acting like a Queen.