Elon Musk’s Department of Government Efficiency (DOGE) now has access to critical U.S. Treasury data, allowing it to oversee and control trillions of dollars in payments.
These payments include Social Security, Medicare, government contracts, tax refunds, and grants. This decision was approved by Trump-appointed Treasury Secretary Scott Bessent, sparking major political debate.
Key Treasury Official Resigns Amidst Musk’s Takeover
The Treasury’s acting secretary, David A. Lebryk, suddenly retired on Friday after a standoff with Musk over Social Security access.
Lebryk had been serving under Trump’s administration but stepped down rather than allow Musk’s team to gain control of government payment systems.
His resignation has raised questions about the level of influence Musk now holds over the U.S. financial system.
Musk Claims Fraud in Treasury Payments
Shortly after securing access, Musk made a shocking claim on X (formerly Twitter). He stated that Treasury officials were told to approve payments “even to known fraudulent or terrorist groups.”
However, Musk did not provide evidence to back up this claim. This statement has fueled further controversy over his involvement in government financial operations.
DOGE Plans to Cut Spending by $4 Billion Per Day
Musk has promised to reduce what he calls “reckless spending.” In a post on X, he shared that DOGE aims to cut $4 billion per day, starting immediately.
His goal is to reduce waste and make government payments more efficient. However, critics argue that these cuts could impact essential services and programs, including Social Security and Medicare.
Democrats Strongly Oppose Musk’s Treasury Access
Democrats have strongly pushed back against DOGE’s access to the Treasury’s systems. Historically, only career civil servants have had control over these financial operations, and handing control to a politically appointed team is unprecedented.
Senator Ron Wyden of Oregon voiced his concerns in a statement to Treasury Secretary Bessent. He stated,
“I can think of no good reason why political operators who have shown a blatant disregard for the law should have access to these sensitive, mission-critical systems.”
What Does This Mean for Social Security and Medicare?
With DOGE in charge, Social Security, Medicare, and other government benefits could see changes. If Musk’s team follows through on its plan to cut spending, it might lead to delays or reductions in payments.
While Musk claims these cuts will remove inefficiencies, critics worry they could harm citizens who rely on government support.
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Concerns Over U.S. Financial Stability
Some experts fear that giving DOGE this much control could destabilize the financial system.
Senator Wyden also warned that mismanaging these payment systems could “threaten the full faith and credit of the United States.” If major cuts disrupt government spending, it could lead to broader economic consequences.
What Happens Next?
As of now, DOGE has full access to Treasury data, and Musk’s team is already making changes. The coming weeks will reveal whether their cost-cutting measures will improve efficiency or create chaos.
Meanwhile, political and financial experts continue to debate whether this move is a step toward government efficiency or a risky experiment with the nation’s financial stability.
The situation is rapidly evolving, and both supporters and critics will be watching closely to see how Musk’s Treasury involvement unfolds.
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