There are several reasons Musk wants to control Treasury payments. None of them are good.
Source: MSNBC
There are several reasons Musk wants to control Treasury payments. None of them are good.
Feb. 1, 2025, 6:00 AM EST
By Lindsay Owens, executive director of Groundwork Collaborative
Its barely been two weeks, but Elon Musks attempts to run the federal government like one of his businesses have already resulted in a level of chaos and inefficiency weve never before seen in Washington.
Earlier this week, the White House took a page straight out of the so-called Department of Government Efficiencys playbook and attempted to freeze federal funding for SNAP, Medicaid and other programs working families rely on a move so disastrous that the courts intervened and the administration had to reverse course. Musk and his allies have also been busy firing the federal workforce, offering deferred resignations and replacing longtime civil servants with his personal lackeys. The Office of Personnel Management, the key staffing agency for the entire federal government, is being run by a cadre of Musk cronies.
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The Treasurys payment system is responsible for delivering trillions in Social Security payments, Medicare benefits and more to millions of Americans across the country. Its not yet entirely clear what Musk plans to do with this system, which has historically been overseen by a small number of career officials. But a few possibilities have emerged.
First, accessing the Treasurys payment system could be a path to freezing government funding, as the administration attempted earlier this week. Musk could halt payments to programs like Medicaid, Meals on Wheels, Head Start and more, maneuvering around the courts. Musk has already directed his engineers to find ways to turn off the flow of money to programs he and President Donald Trump oppose. With the keys to the Treasurys payment system, he can unilaterally cut off these funds right at the source.
Musk could also get his hands on the Do Not Pay system that lists individuals or contractors the government has blacklisted, ...
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Read more: https://www.msnbc.com/opinion/msnbc-opinion/musk-doge-treasury-payment-system-rcna190222