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.
#1: Horse To: All (#0)
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 Reply Private Reply