Latest / Elon Musk Podcast / BREAKING NEWS: President Trump & Elon Musk in the Oval Office -Full Remarks

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BREAKING NEWS: President Trump & Elon Musk in the Oval Office -Full Remarks · Elon Musk Podcast

0:00
And we're going to be signing a very important deal today.
0:04
It's Doge. And I'm going to ask Elon to
0:08
tell you a little bit about it and some of the things that we
0:11
found, which is shocking. Billions and billions of dollars
0:15
in waste, fraud and abuse. And I think it's very important.
0:20
And that's one of the reasons I got elected.
0:22
I say we're going to do that. Nobody had any idea it was that
0:25
bad, that sick, and that corrupt.
0:27
And it seems hard to believe that judges want to try and stop
0:30
us from looking for corruption, especially when we found
0:34
hundreds of millions of dollars worth much more than that in
0:38
just a short period of time. And we want to weed out the
0:40
corruption. And it seems hard to believe
0:43
that a judge could say we don't want you to do that well.
0:47
So maybe we have to look at the judges, because that's very
0:50
serious. I think it's a very serious
0:52
violation. I'll ask Ilan Musk to say a few
0:57
words and we'll take some questions.
1:00
Elon, go ahead. Sure.
1:02
So the at A at a high level, if you say what is the goal of Doge
1:08
or or and and I think a a significant part of the of the
1:12
presidency is to restore democracy.
1:16
This may seem seem like well, are we in a democracy?
1:18
Well, if you don't have a feedback loop FX, you would have
1:21
to if you if you sorry, tell you gravitas can be difficult
1:27
sometimes. So if, if, if there's not a good
1:32
feedback loop from the people to to the government and if, if you
1:37
have rule of the the bureaucrat, if the bureaucracy is in charge.
1:41
And then then what meaning does democracy actually have?
1:45
If the people cannot vote and have their will be decided by
1:49
their elected representatives in the in the form of the president
1:52
and and the Senate and the House, then we don't live in a
1:55
democracy. We live in a bureaucracy.
1:58
So it's incredibly important that we close that feedback
2:01
loop. We fix that feedback loop and
2:02
that the public, the public's elected representatives, the
2:06
president, the House and the Senate decide what happens as
2:10
opposed to an A large unelected bureaucracy.
2:13
This is not to say that there aren't some good, there are good
2:15
people who, who are in the federal bureaucracy, but but you
2:20
can't have an autonomous federal bureaucracy.
2:23
You have to have one that's responsive to the people.
2:26
That's the whole point of a democracy.
2:29
And so, and if if you looked at this, if you asked, look at the
2:33
founders today and said, what do you think of the way things have
2:36
turned out or what we have this unelected 4th unconstitutional
2:41
branch of, of government, which, which is the bureaucracy, which
2:44
has in a lot of ways currently more power than any elected
2:48
representative. And this is, this is not
2:51
something that people want. And it's, it's not, it does not
2:56
match the will of people. So it's just something we've got
2:58
to, we've got to fix. And they've also got to address
3:00
the the deficit. So we've got a $2 trillion
3:03
deficit. And if this, if we don't do
3:06
something about this deficit, country's going bankrupt.
3:09
I mean, it's, it's really astounding that the, the
3:13
interest payments alone on the national debt exceed the Defense
3:17
Department budget, which is shocking because we, we've got a
3:21
lot, we spend a lot of money on defense, but, and, and if that
3:24
just keeps going, we're essentially going to bankrupt
3:26
the country. So what I, what I really want to
3:28
say is like, it's not optional for us to sit to reduce the
3:32
federal expenses. It's essential.
3:34
It's essential for America to remain solvent as a country, and
3:38
it's essential for America to have the resources necessary to
3:41
provide things to its citizens and not simply be servicing vast
3:45
amounts of debt. And also could you mention some
3:48
of the things that your team has found, some of the crazy numbers
3:53
including the woman that walked away with about 30 million,
3:57
etcetera? Well, we, we, we are, we do find
3:59
it sort of rather odd that, you know, there are, there are quite
4:02
a few people in, in, in the bureaucracy who, who have a
4:09
ostensibly a salary of a few $100,000, but somehow managed to
4:12
accrue 10s of millions of dollars in net worth while they
4:16
are in that position, which is, you know, what, what happened to
4:19
USAID? We're just curious as to where
4:21
it came from. Maybe they're very good at
4:23
investing that which case we should take their investment
4:26
advice perhaps. But just this seems to be
4:30
mysteriously they, they get wealthy and we don't know why.
4:33
Where does it come from? And I think the reality is that
4:37
they're getting wealthy at to tax fair expense.
4:39
That's, that's the, that's the honest truth of it.
4:41
So, you know, we, we're looking at say just if you, if you look
4:49
at say, say Treasury, for example, basic controls that
4:53
should be in place that are in place in, in any company, such
4:57
as making sure that any given payment has a payment
4:59
categorization code, that there is a comment field that
5:02
describes the payment and that if it, if a payment is on the do
5:06
not pay list, that you don't actually pay it.
5:09
None of those things are true currently.
5:11
So the reason that departments can't pass audits is because the
5:15
payments don't have a categorization code.
5:17
It's like just a massive number of blank checks just flying out
5:20
the building. So you can't reconcile blank
5:22
checks. You've got a comment fields that
5:25
are also blank, so you don't know why the payment was made.
5:28
And then we've got this a truly absurd, a do not pay list, which
5:31
can take up to a year before an organization to get on a do not
5:35
pay list. And, and, and this we're talking
5:38
about terrorist organizations, we're talking about known
5:41
fraudsters, known aspects of waste, known things that do not
5:45
match any congressional appropriation can take up to a
5:47
year to get on the list. And even once on the list, the
5:50
list is not used. It's mind blowing.
5:54
So, So what, what we're talking here, we're really just talking
5:57
about adding common sense controls that should be present
6:03
that that haven't been present. So they say like, well, how
6:05
could such a thing arise? That's that seems that seems
6:08
crazy that when you understand that, that really everything is
6:11
geared towards complaint minimization, so that, that then
6:16
you understand the motivations. So if people receive money, they
6:19
don't complain, obviously. But if people don't receive
6:23
money, they do complain and the, and the fraudsters complain the
6:27
loudest and the fastest. So then when you understand
6:32
that, then it then it makes sense.
6:33
Oh, that's why everything just they approve all the payments at
6:37
Treasury, because if you approve all the payments, you don't, you
6:40
don't get complaints. But now, now we're saying that
6:44
no, actually, we, we are going to complain if, if money is
6:47
spent badly, if the, if your taxpayer dollars are not spent
6:50
in a sensible and approval manner, then that's not OK.
6:54
Your, your tax dollars need to be spent wisely on things that
6:57
matter to the people. I mean, these things like
7:01
there's, it's just common sense. It's not, it's, it's, it's not
7:05
draconian or, or radical. I think it's, it's really just
7:08
saying let's look at each each of these expenditures and say,
7:11
is this actually in the best interest of the people?
7:13
And if it is, it's proved. If it's not, we should think
7:16
about it. So, you know, there's crazy
7:21
things like just cursory examination of Social Security
7:25
and we've got people in there that 150 years old now.
7:28
Do you know anyone is 150? I don't.
7:30
OK, this they, they should be on the Guinness Book of World
7:33
Records. They're missing out.
7:36
So, you know, that's the case where like, I think they're
7:39
probably dead. It's my guess.
7:41
Or, or they should be very famous, one of the two.
7:45
And then there's a whole bunch of Social Security payments
7:47
where there's no identifying, identifying information.
7:49
Well, like, why is there no identifying information?
7:53
Obviously we want to make, we want to make sure that people
7:55
who deserve to receive Social Security do receive it and that
8:00
they receive it quickly and accurately.
8:03
Also another crazy thing. So, you know, one of the things
8:06
is like we're, we are trying to sort of right size the the
8:09
federal bureaucracy. Just make sure that this
8:11
obviously needs to, there needs to be a lot of people working
8:12
for the federal government, but not as many as currently.
8:15
So we're saying, well, OK, well, let's, if, if people can retire,
8:19
you know, with full benefits and everything that that would be
8:22
good. They can retire, get their
8:23
retirement payments, everything. And then we were told, this is
8:26
actually, I think a great anecdote because we're told, no,
8:28
the, the most number of people that could retire possibly in a
8:31
month is 10,000. And we're like, well, why?
8:34
Why is that? Well, because all the, all the
8:37
retirement paperwork is manual on paper.
8:40
It's manually calculated, then written down on a piece of
8:42
paper, then it goes down a mine. And like, what do you mean a
8:46
mine? Like, yeah, there's a limestone
8:48
mine where we store all the retirement paperwork that look
8:53
and you look at a picture at a picture of this mine.
8:55
We'll post some pictures afterwards.
8:57
And this, this mine looks like something out of the 50s because
8:59
it was started in 1955. So it looks like it's like a
9:04
time warp. And then the the speed, then the
9:07
limiting factor is the speed at which the mine, the shaft
9:09
elevator can move, determines how many people can retire from
9:13
the federal, federal government. And the elevator breaks down and
9:18
sometimes and then you can't, nobody can retire.
9:22
Doesn't that sound crazy? There's like 1000 people that
9:24
work on this. So I think if, if we take those
9:27
people and say like, you know what, instead of working in a,
9:29
in a mine shaft and carrying Manila envelopes to, you know,
9:34
boxes in a mine shaft, you could do practically anything else.
9:38
And you, you would add to the, the goods and services of the
9:42
United States in, in a more useful way.
9:46
So anyway, so I think, you know, that's an example like at a high
9:50
level, if you say like, how do we increase prosperity is we get
9:53
people to do to, to to shift from roles that are low to
9:57
negative productivity to high productivity roles.
10:00
And so you increase the total output of goods and services,
10:02
which means that that there's a higher standard of living
10:05
available for everyone. That's, that's the actual goal.
10:10
Everyone's very quiet. So normally it's quiet.
10:15
You're detractors, Mr. Mosley. I have to what?
10:17
Including a lot of Democrats. I have detractors.
10:20
You do, Sir. I don't believe it.
10:21
Say that you're orchestrating a hostile takeover of government
10:26
and doing it in a non transparent way.
10:28
What's your response to that criticism?
10:31
Well, first of all, you couldn't ask for a stronger mandate from
10:35
from the public. The public voted.
10:38
You know, we have a majority of the public vote voting for
10:42
President Trump won the House, it won the Senate.
10:49
The people voted for major government reform.
10:53
There should be no doubt about that.
10:54
That was on the campaign. The president spoke about that
10:58
at every rally. The people voted for, for major
11:00
government reform. And that's what people are going
11:03
to get. They're going to get what they
11:04
voted for. And, and a lot of times that,
11:06
you know, people that don't get what they voted for, but in this
11:09
presidency, they are going to get what they voted for.
11:12
And that's what democracy is all about.
11:16
Mr. Musk, the White House says that you will identify and
11:18
excuse yourself from any conflicts of interest that you
11:21
may have. Does that mean that you are, in
11:23
effect, policing yourself? What are the checks and balances
11:27
that are in place to ensure that there is accountability and
11:29
transparency? Well, we we actually are trying
11:32
to be as transparent as possible.
11:34
In fact, our actions repost our actions to the, the Dodge handle
11:38
on X and to the, the Dodge website.
11:42
So all of our actions are, are maximally transparent.
11:44
In fact, I don't think there's been, I, I don't know of a case
11:47
that where an organization's been more transparent than the
11:50
Dojo organization. And, and so, you know, and the
11:55
kind of things we're doing are, I think, very, very simple and
11:58
basic. They're they're not we're we're
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you know what I mentioned for example, about Treasury, just
12:03
making sure that that payments that go out, taxpayer money that
12:06
goes out is categorized correctly that the that the the
12:09
payment is explained that organizations on the do not pay
12:13
list, which are takes a lot to get there.
12:15
They actually are not paid, which currently they are paid.
12:19
These, these are, these are not individual judgement decisions,
12:22
these are about simply having sensible checks and balances in
12:24
the system itself to ensure that taxpayer money is spent well.
12:28
So it's got like to do with like say a contract with some company
12:30
of mine at all. But if there is a conflict of
12:33
interest when it comes to you yourself, for instance, you've
12:36
received billions of dollars in federal contracts when it comes
12:39
to the Pentagon, for instance, which the president, I know has
12:42
directed you to look into. Yeah.
12:44
Are you policing yourself in that?
12:45
Is there any sort of accountability check and balance
12:48
in place that would provide any transparency for the American
12:51
people? Well, all of our actions are are
12:54
fully public. So if you see anything you say
12:57
like, wait a second, hey, you know that doesn't that seems
12:59
like maybe that's, you know, there's a conflict there.
13:03
It's not like people are going to be shy about saying that.
13:05
They'll say it immediately, you know, including.
13:07
You. Yourself, yes, but it's
13:10
transparency is what builds trust.
13:12
Not simply somebody asserting trust, not somebody saying
13:15
they're trustworthy, but transparency.
13:17
So you can see everything that's going on and you can see, am I
13:20
doing something that benefits one of my companies or not?
13:23
It's totally obvious 2/1. On the latest edition of the
13:26
Bloomberg. Business Week podcast
13:28
conversation with Max. Chad, in a business week, there
13:30
was a. Elon Musk's offered by Open AI.
13:33
And Studio Sam. Often reaction to.
13:35
That bit, we watched that also. He's a big businessman.
13:38
He's a successful guy. That's why we want him doing
13:40
this. We don't want a an unsuccessful
13:43
guy doing this. Now, one thing also that Elon
13:47
hasn't really mentioned are the groups of people that are
13:50
getting some of these payments. They're ridiculous.
13:53
And we're talking about billions of dollars that we've already
13:56
found. We found fraud and abuse.
14:00
I would say those two words as opposed to the third word that I
14:03
usually is, but in this case, fraud and abuse, it's abusive
14:08
because most of these things are virtually made-up or certainly
14:12
money shouldn't be sent to. And you know what I'm talking
14:15
about. It's crazy.
14:17
So, but we're talking about 10s of billions of dollars that
14:22
we've already found. And now a judge is an activist
14:26
judge wants to try and stop us from doing this.
14:30
Why? Why would they want to do that?
14:31
I can't paint on this. I can't paint on the fact that I
14:34
said government is corrupt and it is very corrupt.
14:37
It's very, very. It's also foolish.
14:41
As an example, a man has a contract for three months and
14:45
the contract ends, but they keep paying them for the next 20
14:48
years. You know, because nobody ends a
14:49
contract. You get a lot of that.
14:51
You have a contract that's three A3 month contract.
14:55
Now normally if you're in a small in, in all fairness, it's
14:58
the size of this thing is so big.
15:01
But if you have a contract and you're in a regular business,
15:04
you end the contract in three months.
15:06
You know, it's a consult. Here's a contract for three
15:09
months, but it goes on for 20 years.
15:12
And the guy doesn't say that he got money for 20 years.
15:14
You know, they don't say it. They just keep getting checks
15:17
month after month. And you have various things like
15:20
that and even much worse than that, actually much worse.
15:23
And I guess you call that incompetence.
15:25
Maybe it could be corruption. It could be a deals made on both
15:28
sides. You know where I get some money,
15:31
he kicks. I think he has a lot of kickback
15:33
here. I see a lot of kickback here.
15:35
There's a lot of kickbacks, tremendous kickback because
15:37
nobody could be so stupid to give out some of these
15:39
contracts. So he has to get a kickback.
15:41
So that's what I got elected for that and borders and military, a
15:48
lot of things. But this is a big part of it.
15:50
And I hope that the court system is going to allow us to do what
15:55
we have to do. We got elected to to, among
15:57
other things, fines, all of this fraud, abuse, all of this, this
16:02
horrible stuff going on. And we've already found billions
16:05
of dollars, not like a little bit billions, many billions of
16:09
dollars. And when you get down to it,
16:12
it's going to be probably close to a trillion dollars.
16:16
It could be close to a trillion dollars that we're going to
16:18
find. That will have a quite an impact
16:21
on the budget. And, and you'll go to a judge
16:25
where they handpick a judge and he has certain leanings.
16:28
I'm not knocking anybody for that, but he has certain
16:31
leanings and he wants us to stop looking.
16:34
How do you stop looking? I mean, we've already found it.
16:37
We have a case in New York where a hotel has paid $59 million,
16:42
fifty 9 million because of, because it's housing migrants,
16:47
illegal migrants, all illegal, I believe.
16:50
And and they were being paid twice the normal room rate at
16:52
100% occupancy. Unbelievable so.
16:54
It's a racket, Justin. Must have asked A.
16:56
Question you should, if, if I may, sort of just going for the
16:59
President's comments at A, at a high level, say, well, well,
17:04
what, how exactly how do what, what are the two ingredients
17:08
that are really necessary in order to cut the budget deficit
17:11
in half from 2 trillion to one trillion?
17:14
And it's really two things, competence and caring.
17:19
And if you add competence and caring, you'll cut the budget
17:22
deficit in half. And, and, and I fully expect to
17:25
be scrutinized and get a, you know, a daily proctology exam,
17:29
basically might as well just camp out there.
17:32
So it's not like I think I can get away with something.
17:35
I'll be scrutinized nonstop. And, but with support of the
17:39
president, we can, we can cut the budget deficit in half from
17:42
2 trillion to one. And then with deregulation,
17:46
because there's a lot of sort of regulations that don't
17:49
ultimately serve the public good, we need to free, free the
17:52
boulders of America to build. And if we do that, that means I
17:57
think you get the economic growth to be maybe 3-4 percent,
18:00
maybe 5%. And that means if you can get a
18:03
trillion dollars of economic growth and you can cut the
18:05
budget deficit by a trillion between now and next year, there
18:10
is no inflation. There's no inflation at 26.
18:14
And if the government is not borrowing as much, it means that
18:17
interest costs decline. So everyone's the mortgage, the
18:20
car payment, their credit card bills, any, their, their, their
18:23
student debt, the, the monthly payments drop.
18:27
That's a fantastic scenario for the average American.
18:31
I mean, imagine they, they're going down the gross way aisle
18:35
and the prices from one year to the next are the same and their
18:41
and their, their, you know, their mortgage, all the debt
18:44
payments dropped. How great is that for the
18:47
average American? We had no idea.
18:50
We had no idea we're going to find this much and it's open.
18:54
It's it's not like complicated. It's.
18:56
Simple stuff. It's like a lot of work.
18:59
We can't believe it. A lot of work, a lot of smart
19:01
people involved, very, very smart people.
19:03
But it's, you're talking about anywhere, maybe $500 billion.
19:09
It's crazy the kind of numbers you're talking about.
19:12
You know, normally when you're looking at something, you'll
19:14
find you're looking for one out of 100.
19:16
Here, you're almost reversing it.
19:18
You look for one that's good. Yeah.
19:21
And you can look at the title and you say, why are we doing
19:24
this? Why are we doing that?
19:25
And the public gets it. You know, the public gets it.
19:27
You've seen the polls. The public is saying, why are we
19:30
paying all this money? This for years this has gone on.
19:35
Yeah. Go ahead.
19:36
Wait. Go.
19:37
Ahead, Senator Rand Paul today said that Doge cuts will
19:39
ultimately need a vote in Congress.
19:41
Do you agree with that? Is that the?
19:42
Plan, I really don't know. I, I know this, we're finding
19:45
tremendous fraud and tremendous abuse.
19:48
If I need a vote of Congress to find fraud and abuse, it'd be,
19:52
it's fine with me. I think we'll get the vote,
19:54
although there'll be some people that wouldn't vote.
19:57
And how could a judge want to hold us back from finding all of
20:00
this fraud and finding all of this incompetence?
20:04
Why would that happen? Why would even Congress want to
20:07
do that? Now?
20:07
Congress, if, if we do need a vote, I think we'd get a very
20:10
easy vote because we have a track record now.
20:12
We've already found billions of dollars of.
20:16
Abuse, incompetence and corruption.
20:19
A lot of corruption. If a judge does block one of
20:22
your policies part of your agenda, will you abide by that
20:25
ruling? Will you?
20:26
Comply. I always abide by the courts,
20:27
and then I'll have to appeal it. But then what he's done is he
20:30
slowed down the momentum and it gives crooked people more time
20:34
to cover up the books. You know, if a person's crooked
20:38
and they get caught, other people see that, and all of a
20:41
sudden it becomes harder later on.
20:43
So, yeah, Yeah, the answer is I always abide by the courts,
20:47
always abide by him, and we'll appeal.
20:50
But appeals take a long time. And I would hope that a judge,
20:54
if you go into a judge and you show them here's a corrupt
20:57
situation, we have a check to be sent, but we found it to be
21:01
corrupt. Do you want us to send this
21:03
corrupt check to a person or do you want us not to give it and
21:06
give it back to the taxpayer? I would hope a judge would say
21:10
don't send it, give it back to the taxpayer.
21:12
Yeah, if I can add to that, what we're finding is that a bunch of
21:15
the fraud is not even going to Americans.
21:18
So I think we all agree that if there's going to be a fraud, it
21:20
should at least go to Americans. But a bunch of the fraud rings
21:23
that that are operating in in the United States and taking
21:25
advantage of the federal government, especially in the
21:27
entitlements programs, are actually foreign fraud rings.
21:30
They're operating in other countries and actually exporting
21:32
money to other countries. We should stop that.
21:37
And, and this is big, big numbers for about 100 to $200
21:40
million a year. Sure, serious money.
21:42
Miss Musk, you said on X that an example of the fraud that you
21:47
have cited was $50 million of condoms was sent to Gaza.
21:52
But after Fact Check this apparently Gaza in Mozambique
21:57
and the program was to protect them against HIV.
22:00
So can you correct the statements?
22:02
It wasn't sent to Hamas, actually, it was sent to
22:05
Mozambique, which makes sense why condoms was sent there.
22:08
And how can we make sure that all the statements that you said
22:11
were correct so we can trust what you think?
22:13
Well, first of all, some of the things that I say will be
22:16
incorrect and and should be corrected.
22:18
So nobody's going to bat 1000. I mean, any, you know, we're, we
22:22
will make mistakes. It will act quickly to correct
22:24
any mistakes. So, you know, if, if the I'm not
22:29
sure we should be sending $50 million worth of condoms to
22:31
anywhere. Frankly, I'm not sure that's
22:34
something Americans would be really excited about.
22:36
And that that is really an enormous number of condoms when
22:38
you think about it. But you know, if it, if it went
22:42
to Mozambique instead of Gaza, I'm like, OK, that's not as bad.
22:45
But still, you know why are we doing that Can.
22:49
You talk a little bit about how closely you're working with
22:52
agency heads as you're directing these cuts.
22:55
Do they have the? How much input do agency heads
22:58
have when you're making these decisions?
23:00
Yeah, we work closely with the agency heads and yeah, so, so
23:06
there's there are sort of checks in place.
23:08
So it's not just us just going in and doing things Willy nilly.
23:10
It's it's in partnership with the agency heads.
23:14
And and I checked recently with the president to make sure that,
23:18
you know, these this this is what the president wants to have
23:19
happen. So, yeah, we, we talk almost
23:23
every day and, and I, I, you know, I, I double check things
23:26
to make sure. Is this something, Mr.
23:28
President, you want us to do this, We'll, we'll then we'll do
23:30
it. USAIUSAID has been one of your
23:33
main targets. Are you concerned at all that
23:36
some of the cuts or that shutting that agency altogether
23:39
may lead to diseases or other bigger problems starting in
23:43
other countries that then come to to the United States?
23:45
Yeah. So that's an interesting
23:47
example. So that's something where we
23:48
work closely with the State Department and Secretary Rubio.
23:52
And we have, for example, turned on funding for Ebola prevention
23:57
and for HIV prevention. Yes, correct.
24:01
And and and we are, we are moving fast.
24:04
So we all make mistakes, but we'll also fix the mistakes very
24:06
quickly. So that's a.
24:09
Worthy cause USAID. I I think that there's some
24:12
worthy things, but but overall, if you say what is the Bank of
24:16
the buck, I would say it was not very good and there was far too
24:20
much of what USAIID was doing was influencing, influencing
24:25
elections in ways that I think were dubious and do not stand
24:29
the light of day. You just have to follow up to
24:32
the the Pentagon contracts. If you have received billions of
24:34
dollars in contracts from the Pentagon and the President's
24:38
directing you to look into the Department of Defense, which we.
24:40
Definitely need to do and are going to do at the president's
24:43
request. Does.
24:43
That present a conflict of interest for you.
24:46
No, because you'd have to look at the individual contract and
24:48
say, first of all, I'm not the one, you know, filing the
24:51
contract. It's people at SpaceX or someone
24:53
who will be putting for the contract.
24:55
And I'd like to say if if you see any contract where the the
24:59
where it was awarded to SpaceX and it wasn't by far the best
25:01
value for money for the taxpayer, let me know because
25:04
every one of them was. The President said the other day
25:07
that you might look at Treasuries.
25:10
Could you explain that a little bit?
25:11
What kind of fraud or and that question goes to both of you,
25:15
what kind of fraud are you expecting to see or do you see
25:18
right now in U.S. Treasuries?
25:21
I think you mean the the Treasury Department as opposed
25:23
to Treasury bills or you also? Referenced Treasuries on Air
25:26
Force One the other night. Well, the as I mentioned
25:29
earlier, really the the 1st order of business is to make
25:32
sure we're actually collecting. Sorry for this.
25:35
I thought my son might, might enjoy this, but it's, he's
25:37
sticking his fingers in my ears and stuff so it's been hard to
25:42
hear sometimes. Hey, what's up?
25:45
So no, the stuff we're doing with with Treasury Department is
25:49
so basic that you can't believe it doesn't exist already.
25:54
So, so, so for example, like I mentioned, just making sure that
25:58
that when a payment goes out, it has to have a payment
26:02
categorization code. It's like what type of payment
26:04
is this? You can't just leave the field
26:07
blank. Currently, many payments, the
26:09
field is left blank and you have to describe what's the payment
26:12
for some basic rationalization that also is left blank.
26:16
So This is why, you know, the Pentagon.
26:18
When's the last time the Pentagon passed an audit?
26:19
I mean, a decade ago maybe, or ever really.
26:23
And we want to just in order to actually pass audits, you have
26:27
to have financial information that allows you to trace the
26:29
payments. So, you know, and, and, and once
26:34
in a while the, the, the, the treasury has to task to pause
26:37
payments if it thinks the payment is going to a fraudulent
26:41
organization. Like if, if, if a, if a company
26:47
or organization is on a do not pay list, we should not pay it.
26:51
I'm sure you would agree. Like if it's quite hard to get
26:53
on that payment, then do not pay list.
26:55
It means that this is someone that is just is like dead
26:59
people, terrorists, known fraudsters, that kind of thing.
27:05
We should not pay them, but currently we do, which is crazy.
27:10
We should stop that. And by the way, hundreds,
27:14
thousands of transactions like that, you know, we have a big
27:17
team. And for the sake of the country,
27:22
I hope that the person that's in charge and the other people that
27:26
report to me that are in charge are allowed to do the right
27:30
thing, namely make sure everything's honest, legitimate
27:33
and competent. But we're looking at, just when
27:37
you look at USAID, that was, that's one.
27:40
We're going to look at the military.
27:41
We'll look at education. They're much bigger areas.
27:45
But the USAID is really corrupt. I'll tell you.
27:48
It's corrupt. It's incompetent, and it's
27:50
really corrupt. And I can't imagine a judge
27:53
saying, well, it may be corrupt, but you don't have the right,
27:56
you got elected to look over the country and to, as we say, make
28:00
America great again. But you don't have the right to
28:02
go and look and see whether or not things are right that
28:05
they're paying or that things are honest that they're paying.
28:09
And nobody can even believe there's other people, law
28:11
professors, they've been saying can't.
28:14
How can you take that person's right away?
28:16
You're supposed to be running the country.
28:18
But we're not allowed to look at who they're paying it to and
28:21
what they're paying. We have massive amounts of fraud
28:24
that we caught. I think we probably caught way
28:27
over a lot of billions of dollars already in what, two
28:31
weeks? Yes.
28:32
And it's going to go to numbers that you're not going to
28:35
believe. And much, as I said, much is
28:38
incompetence and much is dishonesty.
28:40
We have to catch it. And the only way we're going to
28:42
catch it is to look for it. And if a judge is going to say
28:44
you're not allowed to look for it, that's pretty sad for our
28:48
country. I don't understand how it could
28:50
even work. I'm.
28:51
Sorry. A program?
28:53
Can you personally guarantee that?
28:54
Which one? The buyout program?
28:56
The offer to federal workers Can you personally guarantee that
28:59
the workers who opt in to resign now will be paid?
29:01
Through September money, but they're getting a good deal.
29:04
They're getting a big buyout. And what we're trying to do is
29:07
reduce government. We have too many people.
29:09
We have office space. It's occupied by 4%.
29:13
Nobody's showing up to work because they were told not to.
29:16
And then Biden gave them a five year pass.
29:18
Some of them, 48,000 of them gave them a five year pass that
29:22
for five years, you don't have to show up to work.
29:25
And, and let me tell you, this is largely much of this stuff is
29:28
because of Biden. It's his fault.
29:30
He allowed this country what he did on our border, what he did
29:34
on our border is almost not as bad as what he did with all of
29:38
these contracts that have come out.
29:40
It's, it's a very sad day when we look at it.
29:43
I can't even believe it. But many contracts just extend
29:47
and they just keep extending. And there was nobody there to
29:49
correct it. And that that cannot be.
29:52
I can't imagine that could be held up by the court, any court
29:56
that would say that the president or his
29:58
representatives, like secretary of the Treasury, Secretary of
30:02
State, whatever, doesn't have the right to go over their books
30:05
and make sure everything's honest.
30:07
I mean, how can you have a country?
30:09
You can't have anything that way.
30:10
You can't have a business that way.
30:11
You can't have a country that way.
30:13
Thank you very much, everybody. Thank you.
30:20
Back tonight will be at the White House tonight at about
30:25
10:00. If you want to come over, you
30:26
can say hello to anything. In return.