Connect with us

Business

DOGE discovered $330M in Small Business loans awarded to children under 11

Published

3 minute read

MXM logo  MxM News

Quick Hit:

In a bombshell revelation at a White House cabinet meeting, Elon Musk announced that the Department of Government Efficiency (DOGE) had uncovered over $330 million in Small Business Administration (SBA) loans issued to children under the age of 11.

Key Details:

  • Elon Musk stated that DOGE found $330 million in SBA loans given to individuals under the age of 11.
  • The youngest recipient was reportedly just nine months old, receiving a $100,000 loan.
  • SBA has now paused the direct loan process for individuals under 18 and over 120 years old.

Diving Deeper:

At a cabinet meeting held Monday at the White House, President Donald Trump and Elon Musk detailed a staggering example of federal waste  uncovered by the newly-formed Department of Government Efficiency. Speaking directly to ongoing efforts to eliminate corruption and abuse in federal agencies, Musk explained that the SBA had awarded hundreds of millions in loans to children—some of whom were still in diapers.

“A case of fraud was with the Small Business Administration, where they were handing out loans — $330 million worth of loans to people under the age of 11,” Musk said. “I think the youngest, Kelly, was a nine-month year old who got a $100,000 loan. That’s a very precocious baby we’re talking about here.”

DOGE’s findings forced the SBA to abruptly change its loan procedures. In a post on X, the department revealed it would now require applicants to include their date of birth and was halting direct loans to those under 18 and above 120 years old. Musk commented sarcastically: “No more loans to babies or people too old to be alive.”

The discovery was just the latest in a series of contract cancellations and fraud crackdowns led by DOGE. According to Breitbart News, DOGE recently canceled 105 contracts totaling $935 million in potential taxpayer liabilities. The agency’s website currently lists over 6,600 terminated contracts, accounting for $20 billion in savings.

The president praised Musk and DOGE for rooting out government inefficiencies, noting his administration was focused on “cutting” people and programs that were not working or delivering results. “We’re not going to let people collect paychecks or taxpayer funds without doing their jobs,” Trump said.

Also during the cabinet session, USDA Secretary Brooke Rollins revealed her department had eliminated a $300,000 program aimed at teaching “food justice” to transgender and queer farmers in San Francisco. “I’m not even sure what that means,” Rollins said, “but apparently the last administration wanted to put our taxpayer dollars towards that.”

These revelations highlight what many conservatives have long suspected—that during prior administrations, including under President Joe Biden, massive amounts of federal funding were funneled into unserious, ideologically-driven projects and mismanaged government programs. Under the Trump administration’s second term, DOGE appears to be living up to its mission: trimming fat, exposing fraud, and putting American taxpayers first.

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

Business

CDC stops $11 billion in COVID ’emergency’ funding to health departments, NGOs

Published on

Fr0m LifeSiteNews

By Emily Mangiaracina

The U.S. Department of Health and Human Services has been providing massive funds in the name of COVID despite the fact that Joe Biden admitted the ‘pandemic’ was over by 2022.

The U.S. Centers for Disease Control and Prevention is withdrawing $11.4 billion in COVID funding to state and local health departments, non-government groups, and international recipients about two years after the U.S. government declared the COVID-19 “national emergency” over.

“The COVID-19 pandemic is over, and HHS will no longer waste billions of taxpayer dollars responding to a non-existent pandemic that Americans moved on from years ago,” HHS director of communications Andrew Nixon said in a statement, NBC News reported.

“HHS is prioritizing funding projects that will deliver on President Trump’s mandate to address our chronic disease epidemic and Make America Healthy Again.

Despite the fact that former President Joe Biden admitted in 2022 that the COVID “pandemic” was over, Health and Human Services (HHS) has been continuing to allocate funds for COVID testing, “vaccines,” and “global COVID projects,” according to CDC talking points.

The funding cut comes as millions of dollars for other initiatives, including vaccine hesitancy research and HIV prevention, are slashed under new HHS Secretary Robert F. Kennedy Jr.

HHS has made the greatest funding cutbacks government-wide, according to the Department of Government Efficiency’s website.

Dr. Robert Malone argued in 2023 that the only reason the Biden administration decided to end the national COVID “emergency” when it did is because of the congressional legislation seeking that end.

“The bottom line is that the imperial U.S. administrative state will never give up these unconstitutional powers until forced to do so,” Malone wrote.

Continue Reading

Business

Publicity Kills DEI: A Free Speech Solution to Woke Companies

Published on

For years, major corporations bragged about their wonderful Diversity, Equity, and Inclusion (DEI) programs. They’re good for business and morally correct, they said. So why are they now cutting those programs?

Robby Starbuck says these programs once got a lot of buy-in, because people wanted to be nice! But DEI came to mean much more than just being nice.

Starbuck says what it looked like in practice was “crazy trainings” and “overtly racist hiring practices.” Now lots of people agree with him.

Companies actually take notice when Starbuck tells his many followers about their DEI programs. Often the programs get dropped.

That’s the power of free speech.

After 40+ years of reporting, I now understand the importance of limited government and personal freedom.

——————————————

Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.

Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.

Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

_ _ _ _ _ _ _ _

To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe

_ _ _ _ _ _ _ _

Continue Reading

Trending

X