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Started By
Message
DOGE shows why taxes should be cut cut cut
Posted on 3/9/25 at 1:46 pm
Posted on 3/9/25 at 1:46 pm
“ DOGE said it identified that the Small Business Administration (SBA) granted nearly 5,600 loans for $312 million to borrowers whose only listed owner was 11 years old or younger at the time of the loan. The loans were issued in 2020 and 2021 – while the world struggled with the COVID-19 pandemic – and it is unclear what they were used for.
"While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used an SSN with the incorrect name," the agency wrote.
When making the announcement, DOGE shared a post on X from Tuesday when it also revealed that in 2020 and 2021 the SBA issued 3,095 loans for $333 million to borrowers over 115 years old. The borrowers were still marked as alive in the Social Security database. In one case, a 157-year-old individual received $36,000 in loans, the agency said. The loans included PPP (Paycheck Protection Program) and EIDL (Economic Injury Disaster Loan) loans.”
"While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used an SSN with the incorrect name," the agency wrote.
When making the announcement, DOGE shared a post on X from Tuesday when it also revealed that in 2020 and 2021 the SBA issued 3,095 loans for $333 million to borrowers over 115 years old. The borrowers were still marked as alive in the Social Security database. In one case, a 157-year-old individual received $36,000 in loans, the agency said. The loans included PPP (Paycheck Protection Program) and EIDL (Economic Injury Disaster Loan) loans.”
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Posted on 3/9/25 at 1:50 pm to Creolesote
All the loans were fraudulent
Posted on 3/9/25 at 1:52 pm to Rex Feral
it seems like they can track this pretty easily.
Posted on 3/9/25 at 1:54 pm to Creolesote
Hell I personally know some people who got $450,000 “free” dollars by saying they had 15 employees.
Posted on 3/9/25 at 2:41 pm to The Torch
Hope they have to pay every penny of that back and spend some time behind bars
Posted on 3/9/25 at 2:45 pm to Creolesote
Covid was the big reset. The fraud the dems/DS committed on the US and the world is beyond any legitimate comprehension. Sadly they will get away with it in that they won't be mounted to a spike lining the roads in to DC.
Posted on 3/9/25 at 4:01 pm to Creolesote
SBA is worthless.
I like all the tax cut talk but for now how about postponing this years returns Trump. I'm getting kinda lazy
I like all the tax cut talk but for now how about postponing this years returns Trump. I'm getting kinda lazy
Posted on 3/9/25 at 4:02 pm to Creolesote
The link for those wondering ... LINK
Posted on 3/9/25 at 4:16 pm to theballguy
Posted on 3/9/25 at 4:48 pm to Bayou
Elon mentioned in a Rogan podcast that the SS system with all the "old" people on it and some, made access to steal the numbers and use in other govt systems to get money because the archaic systems were not linked.
Looks like his team is specifically hunting down the various departments where the bogus numbers can be used to thief from the system.
And we wondered why all illegals could file for a SS number?
Looks like his team is specifically hunting down the various departments where the bogus numbers can be used to thief from the system.
And we wondered why all illegals could file for a SS number?
Posted on 3/9/25 at 4:51 pm to Creolesote
Get rid of waste. When spending gets BELOW revenue, THEN cut cut cut.
Until then, it’s just adding more debt.
Until then, it’s just adding more debt.
Posted on 3/9/25 at 4:53 pm to Bayou
Nice spelling in your 'meme'.
Posted on 3/9/25 at 4:58 pm to The Torch
quote:
Hell I personally know some people who got $450,000 “free” dollars by saying they had 15 employees.
Sounds like Elon's about to dick you and/or your friends down.
Posted on 3/9/25 at 4:58 pm to Creolesote
Likely illegal immigrants with legal children using them to get the money.
Posted on 3/9/25 at 5:06 pm to Creolesote
quote:
DOGE shows why taxes should be cut cut cut
So DOGE accounted for a little over $600 million in fraudulent loans and you think that means taxes should be cut?
Take a look at a pie chart of the federal budget sometime and see how far $600 million gets you toward eliminating the deficit and paying down the $32.2 trillion debt we have.
$600 million dollars doesn't even make a single monthly interest payment (just the interest) on our current debt.
Before some genius goes there, no I am not saying that we shouldn't eliminate fraud/waste/etc. Absolutely we should.
But they're going to need to find and eliminate at least a couple trillion dollars worth of it every year for anybody's taxes to be reduced without making our deficit/debt problem worse, and they aren't even close to that so far.
Seriously. Y'all really need to just look up a pie chart of the federal budget. It would clear up a lot of stuff for you. You'd stop thinking that foreign aid is the reason we can't balance the budget, for example.
Posted on 3/9/25 at 5:06 pm to The Torch
Torch.
You should report them, burns my arse knowing how these people get over the system & I get to pay for it all and I don’t qualify for any of the handouts BS.
You should report them, burns my arse knowing how these people get over the system & I get to pay for it all and I don’t qualify for any of the handouts BS.
Posted on 3/9/25 at 5:07 pm to OccamsStubble
quote:
Get rid of waste. When spending gets BELOW revenue, THEN cut cut cut.
Until then, it’s just adding more debt.
This guy gets it.
I'll bet he's seen a pie chart of the federal budget.
Posted on 3/9/25 at 5:07 pm to Creolesote
It’s gonna be great when DOGE actually provides all the evidence they have for all these accusations. Surely they must have some at this point. Right?
Posted on 3/9/25 at 5:07 pm to OccamsStubble
We need to starve the federal government of money. It is obvious that it can pay for social security, NATO membership and self defense and all the things Americans really need and want with about 50% less revenue via taxation than they get now. Let those Americans who pay these price gouging taxes off the hook!
Posted on 3/9/25 at 5:21 pm to wackatimesthree
Partially true. But 600 million this year. 600 million next year. Eventually it adds to big money. Small amounts eventually add up to large amounts.
Just my 2 cents.
Just my 2 cents.
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