DOGE Reports that $312M in Loans Were Given to Children During COVID › American Greatness– amgreatness.com
Source Link
Excerpt:
On Saturday, the Department of Government Efficiency (DOGE) announced another round of contract cancellations in an effort to save money. In the process, it was able to reveal that over $300 million in loans had been granted to American children during the Chinese Coronavirus pandemic.
As Fox News reports, the presidential advisory group, led by Elon Musk, reported that the Small Business Administration (SBA) had granted almost 5,600 loans in 2020 and 2021, amounting to $312 million, to borrowers who listed their ages as being 11 or younger.
“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 in a post on X. “@DOGE and @SBAgov are working together to solve this problem this week.”
Similarly, DOGE also uncovered $333 million in SBA loans that went to borrowers who claimed to be over 115 years old, with 3,095 loans being issued in 2020 and 2021. These were allowed to be handed out due to the borrowers all being listed as still alive in the Social Security Administration’s (SSA) database.