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Title: US TReasury to Modernize Payment Systems, Eliminating $100s of billions in fraud.
Source: [None]
URL Source: https://x.com/america/status/1904616835032707544
Published: Mar 25, 2025
Author: Horse
Post Date: 2025-03-25 17:24:10 by Horse
Keywords: None
Views: 102
Comments: 1

Elon Musk reposted

America @america

President Trump signs an Executive Order enabling the U.S. Treasury to modernize its payments system, in order to reduce waste, fraud and abuse:

– Gets rid of all of the 47 “independent” payment systems and centralizes.

– Makes use of the Do Not Pay list of fraudulent entities mandatory.

– Shares data within government for fraud detection.

Requires budget IDs and EINs.

Watch https://x.com/i/status/1904616835032707544

– Checks that funds are available in budget before paying.

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Elon Musk Breaks Down FRAUD AND WASTE at the US Treasury

ELON: "The main computer payment system is called PAM (Payment Automation Manager). It's responsible for $5T a year, roughly $1B an hour. When we came we saw the payments had no payment categorization code and no description. Untraceable blank checks. This is the kind of thing that if a public company did it, the company would be delisted and the executive team would be thrown in prison -- but this is normal at the Government."

https://x.com/i/status/1904618644820418932

Horse  posted on  2025-03-25   17:26:12 ET  Reply   Untrace   Trace   Private Reply  

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