DOGE says $312M in loans were given to children during COVID pandemic

[Michie]

'@DOGE and @SBAgov are working together to solve this problem this week'​

The Department of Government Efficiency (DOGE) announced a further wave of contract terminations late Saturday, noting that they also identified thousands of cases where more than $300 million in loans were granted to children.

The announcements come as the Elon Musk-led agency continues to root out waste, fraud and corruption in the federal government.

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 arrangementswhere 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.


Continued below.

DOGE says $312M in loans were given to children during COVID pandemic

DOGE announced a further wave of contract terminations and said it has identified $312 million worth of loans issued to children aged 11 and younger.

www.foxnews.com

 

[Vambram]

I'm glad that they are finding more evidence of fraud, waste, and abuse of federal taxpayers money.

 

[Michie]

I'm glad that they are finding more evidence of fraud, waste, and abuse of federal taxpayers money.

Oh they’ll continue to find it to a lot of folk’s displeasure.

 

[RileyG]

I'm glad that they are finding more evidence of fraud, waste, and abuse of federal taxpayers money.

Amen, brother!

 

[sanderabeer]

DOGE said:

In 2020-2021, SBA granted 5,593 loans for $312M to borrowers whose only listed owner was 11 years old or younger at the time of the loan.

The person who was president at the time should be held accountable for this.

 

[Yarddog]

'@DOGE and @SBAgov are working together to solve this problem this week'​

The Department of Government Efficiency (DOGE) announced a further wave of contract terminations late Saturday, noting that they also identified thousands of cases where more than $300 million in loans were granted to children.

The announcements come as the Elon Musk-led agency continues to root out waste, fraud and corruption in the federal government.

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 arrangementswhere 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.


Continued below.

DOGE says $312M in loans were given to children during COVID pandemic

DOGE announced a further wave of contract terminations and said it has identified $312 million worth of loans issued to children aged 11 and younger.

www.foxnews.com

WOW, Lemonade stands were hit hard by COVID-19. Lol

 

[Yarddog]

DOGE said:


The person who was president at the time should be held accountable for this.

That's Trump and Biden. Take them old guys down.

 

[iarwain]

I don't understand why the Democrats are so irate about trying to combat government waste. I think they hate Musk almost as much as Trump. Now they're out there vandalizing Tesla dealers and burning cars. That's going to cause more greenhouse gases.

 

[sanderabeer]

I don't understand why the Democrats are so irate about trying to combat government waste.

Democrats are not opposed to combating government waste. They simply disagree with Republicans as to what does and does not constitute waste.

I think they hate Musk almost as much as Trump. Now they're out there vandalizing Tesla dealers and burning cars.

There are definitely a lot of Democrats who dislike Trump and Musk.

That's going to cause more greenhouse gases.

This is just silly.