Tag Archives: Treasury Secretary Scott Bessent

One Of Many Problems With Government Spending

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On Tuesday, Red State posted an article that might explain how some of the government’s run-away spending comes to pass.

The article reports:

I didn’t have an opportunity to watch Treasury Secretary Scott Bessent’s testimony before the House Appropriations Financial Services and General Government Subcommittee oversight hearing live. But looking back over some of the key moments, one was particularly jaw-dropping:

According to Bessent, over one-third of the 1.5 billion payments issued by the Treasury Department in the past year cannot be traced back to a corresponding appropriation. That’s 500 million payments (not dollars — individual disbursements) that cannot readily be matched for auditing or accountability purposes. 

The article concludes:

Of course we’re drowning in debt: We’ve got elected representatives who spend like drunken sailors — enabled by a Treasury Department intent on shoveling money out the door willy-nilly. Thank God President Trump and DOGE and grown-ups like Sec. Bessent are at least attempting to bring some order and accountability to bear.

Every day gives us another reason to be glad that we elected a businessman instead of a politician to be President. The government has gone so far from good business practices that it is amazing we have not yet gone completely broke. The payments that cannot be traced back to a corresponding appropriation like add up to billions of dollars. It’s time to spend taxpayers’ money wisely. Obviously that is not happening right now.

Protecting The Pocketbook Of The American Taxpayer

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On Saturday, Zero Hedge posted an article about Elon Musk’s efforts to cut government spending. David A. Lebryk, the acting Secretary of the Treasury has retired after refusing Elon Musk access to Treasury Department records.

The article reports:

David A. Lebryk, a decades-long Treasury official who President Trump named as acting secretary upon taking office last week, announced his retirement in a Friday email to colleagues. According to the report, Lebryk had a dispute with Musk surrogates over access to the US government’s payment system used to disburse trillions of dollars every year.

[Imagine Musk and team uncover decades of improper payments and shady dealings?]

The Musk surrogates are affiliated with the Department of Government Efficiency (DOGE), and have been asking since the election for access to the system, according to the report. The requests were reiterated after Trump’s inauguration.

After Trump pick Scott Bessent was confirmed as Treasury Secretary on Monday, Lebryk ceased to be acting agency head.

The payment system in question is run by a handful of career officials within the Bureau of the Fiscal Service – which controls the flow of more than $6 trillion annually to households, businesses, and other entities nationwide – and includes Social Security, Medicare, federal salaries, payments to government contractors, tax refunds, grant recipients, and more.

…Unfortunately for the career bureaucrats, Trump signed an executive order instructing all agencies to ensure DOGE has “full and prompt access to all unclassified agency records, software systems, and IT systems,” which appear to include the Treasury payment systems.

Musk has previously slammed rising national debt as an existential threat to the country, while DOGE has already made progress in rooting out bullshit programs established by Democrat administrations.

On Saturday, The New York Times reported:

Treasury Secretary Scott Bessent gave representatives of the so-called Department of Government Efficiency full access to the federal payment system late on Friday, according to three people familiar with the change, handing Elon Musk and the team he is leading a powerful tool to monitor and potentially limit government spending.

The new authority follows a standoff this week with a top Treasury official who had resisted allowing Mr. Musk’s lieutenants into the department’s payment system, which sends out money on behalf of the entire federal government. The official, a career civil servant named David Lebryk, was put on leave and then suddenly retired on Friday after the dispute, according to people familiar with his exit.

This is what America voted for.