Posted on 02/18/2025 8:36:34 AM PST by SeekAndFind
The Department of Government Efficiency (DOGE) announced Monday that some $4.7 trillion in payments from the Treasury Department were missing a critical tracking code which made tracing the transactions “almost impossible.”
The transactions were reportedly missing the Treasury Account Symbol, or TAS, an identification code which links a Treasury payment to a budget line item, according to DOGE, which described the use of such code as a “standard financial process.”
“In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible,” read an X post from DOGE.
The Elon Musk-led project to curb waste, fraud and abuse in the federal government said in light of the discovery use of the TAS code is now mandatory.
“As of Saturday, this is now a required field, increasing insight into where money is actually going,” DOGE said, thanking the Treasury Department for its “great work” implementing the change.
Musk touted the change as a “major improvement in Treasury payment integrity.”
“This was a combined effort of [DOGE, Treasury and the Federal Reserve],” Musk tweeted. “Nice work by all.”
The Treasury Department, which facilitates trillions of dollars worth of government payments every year, was one of the first agencies DOGE embedded itself in after President Trump’s inauguration.
DOGE staffers at Treasury have been granted access to the department’s highly sensitive payment systems in an effort to root out waste, fraud and abuse.
“This is not some roving band … This is methodical and it is going to yield big savings,” Treasury Secretary Scott Bessent said of DOGE during a Bloomberg TV interview last week.
DOGE recently proposed “deleting paper checks” at Treasury, arguing that it would save taxpayers “at least $750 million per year.”
(Excerpt) Read more at msn.com ...
The Department of Government Efficiency (DOGE) announced Monday that some $4.7 trillion in payments from the Treasury Department were missing a critical tracking code which made tracing the transactions “almost impossible.”
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That’s very convenient.
Who knows...but this sounds like a loophole where money goes out, to somewhere, and there’s no record of it?
That sounds crazy but it also sounds just like how the fraudsters would want it.
And the money kept rolling
Out in all directions
To the poor, to the weak
To the destitute of all complexions
Now cynics claim a little of
The cash has gone astray
But that’s not the point my friends
When the money keeps rolling out
You don’t keep books
You can tell you’ve done well
By the happy grateful looks
Accountants only slow things down
Figures get in the way
Never been a lady loved as much as Eva Peron
The last time something of this magnitude was revealed was 9/10/01, with $2.3 Trillion. This is double that.
Something happened the day after that took it off the news.
The scale of the number of items expensed without the code enabling identification of the budegt authority for the payment is a level that cannot be an accident. The treasury officials for the past forty years need to all be investigated. Someone knew and someone was told to ignore the problem. They should all be put under oath in a Congressional investigation. Once that heats up, someone will talk.
RE: The last time something of this magnitude was revealed was 9/10/01, with $2.3 Trillion.
That was ONE DAY before the 9/11 terrorist attack.
What did the Bush administration or the subsequent Obama administration do with this information?
I wonder if there’s a record of who ruled that this particular tracking entry was deemed ‘optional?’
select count(*) from payments where critical_code is null;
Hopefully “ALMOST IMPOSSIBLE” makes a lot of thieves panic and try to move money around to get caught.
remember “ALMOST” Harry Boltz and his big balls gang will make the impossible possible you watch.
Did the “Big Guy” Biden get his ten percent?
“This is not some roving band … This is methodical and it is going to yield big savings,”
So there is going to be an attempt to figure out what happened or is he just talking future savings. I don’t see how an electronic bank transfer at this level can just suddenly go missing.
They frequently turn off not null on fields that they plan to fill in later. An audit report is supposed to catch these but I bet they turned that off as well. I bet DOGE has people in the inside that knew how to find everything but they were afraid they would lose their job if they found anything wrong.
“almost”
Good thinking. I’d say you’re exactly right.
I want the accounting department of the US Government to be held to the same standard as my business.
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