Elon Musk’s DOGE team just uncovered a shocking misuse of taxpayer money that will make your blood boil. More than $300 million in government loans were given to elementary school children during the COVID pandemic, revealing yet another layer of waste in the Biden administration’s spending spree.
At a glance:
• The Department of Government Efficiency (DOGE) discovered over $312 million in COVID loans were given to children under 11 years old
• Nearly 5,600 Small Business Administration loans were approved for children, with some recipients as young as elementary school age
• Another 3,095 loans worth $333 million went to “borrowers” over 115 years old, including some listed as 157 years old
• President Trump pointed out Social Security is paying benefits to millions of people supposedly over 100 years old, with some listed as 360
• DOGE has already canceled hundreds of wasteful government contracts, saving taxpayers $90 million in just the first wave of cuts
Children Received Millions in Government Handouts
The Department of Government Efficiency (DOGE), led by Elon Musk, revealed the shocking discovery that the Small Business Administration approved nearly 5,600 loans totaling $312 million to borrowers aged 11 or younger during the pandemic. This stunning revelation came as part of DOGE’s mission to eliminate waste, fraud, and corruption in the federal government.
The findings highlight the catastrophic mismanagement of COVID relief funds under the Biden administration, with millions of taxpayer dollars being funneled to unlikely “business owners” who were still in elementary school. DOGE noted that while it’s technically possible to have legal business arrangements for minors, it’s “highly unlikely” for these 5,593 loans, as they all used Social Security numbers with incorrect names.
DOGE officials announced they are working with the SBA to address this egregious oversight immediately. “DOGE and SBA are working together to solve this problem this week,” the department wrote in a statement that revealed the true extent of government waste under Biden’s watch.
— 4th Estate News (@IVthestate) February 15, 2025
Elderly “Ghost” Recipients Also Given Millions
In an even more bizarre twist, the DOGE team discovered the SBA approved 3,095 loans worth $333 million to borrowers supposedly over 115 years old. Some of these fictional loan recipients were listed as old as 157 years of age.
President Donald Trump addressed the broader issue of phantom government benefit recipients during a recent appearance. “I know some people who are rather elderly but not quite that elderly, 3.47 million people from ages 120 to 129, 3.9 million people from ages 130 to 139, 3.5 million people from ages 140 to 149. And money is being paid to many of them, and we are searching right now,” Trump stated.
The issue extends far beyond just these loans, with Trump indicating that Social Security payments are being sent to millions of supposedly ancient Americans.
— Jeremy Arnold (@jdotarnold) November 18, 2024
DOGE’s Mission to Cut $1 Trillion in Government Waste
DOGE has already made significant progress in eliminating wasteful government spending under its mandate from President Trump. The department canceled a $10.3 million Department of Agriculture contract and axed 162 nonessential contracts, saving taxpayers $90 million in just its initial wave of cuts.
Elon Musk recently met with House Republicans to discuss the ambitious goal of finding $1 trillion in government waste. “The executive DOGE team is confident, they think they can get $1 trillion,” revealed one lawmaker familiar with the meeting.
While critics have attacked DOGE’s efforts, the team remains committed to its mission of making government more efficient and accountable to the American people. These initial findings about loans to children and impossibly old recipients validate Trump’s concerns about deep-rooted waste and fraud throughout the federal bureaucracy.
