Tesla owner Elon Musk provided some massive news during a meeting with President Donald Trump and members of his Cabinet.
Musk stood up and revealed that the Department of Government Efficiency (DOGE) identified that children under the age of 11 have collectively taken out Small Business Administration (SBA) loans amounting to a staggering $330 million.
During the discussion, the tech billionaire and CEO of Tesla and SpaceX made a statement that raised questions about the credibility and oversight of the SBA loan program.
Musk went even further and said that the youngest borrower was a baby who was only nine months old and got a $100,000 loan.
“That’s a very precocious baby we’re talking about here,” Musk quipped.
🚨BREAKING: Elon Musk, while wearing a “Trump was right about everything” hat says DOGE uncovered $330 million in SBA loans to children under 11 years old:
— Benny Johnson (@bennyjohnson) March 24, 2025
"The youngest was a 9 month year old, who received a $100,000 loan." pic.twitter.com/vzeYjpsBTX
The Cabinet of President Donald Trump listed the billions of dollars in contracts it says it has canceled since he took office.
These include a “$300,000 contract educating queer and transgender farmers in San Francisco on food justice” and $830 million on surveys that “anyone’s child in junior high could have put together.”
Trump called the contracts “fraud,” so they are being canceled. Elon Musk and the Department of Government Efficiency (DOGE) are trying to stop the federal government from wasting money.
“Even at the U.S. Department of Agriculture, we canceled a $300,000 contract educating on food justice for queer and transgender farmers in San Francisco. A similar contract we canceled in New York, again educating transgender and queer farmers on food justice and food equality. I’m not even sure what that means, but apparently the last administration wanted to put out taxpayer dollars towards that,” Agriculture Secretary Brooke Rollins told Trump.
“We canceled a $600,000 contract out of Louisiana that was studying the menstrual cycles of transgender men. We canceled another contract out of a university in the middle of the country that focused on getting more diversity, equity and inclusion into our pest management industry,” she continued. “Again, these are nonsensical, it makes zero sense to use taxpayer dollars to fund these. I know these are just a few examples of the hundreds and hundreds we have found.”
Interior Secretary Doug Burgum told Trump that “There is a federal consulting group which was a group inside of Interior, but it was managing contracts for many different agencies that flowed through here” and “one of those contracts was to do surveys of individuals, $830 million for surveys.”
“And so part of the question was ‘hey could we actually see the surveys?’ and then the surveys came back and it was, the survey was like 8.5 by 11 sheet of paper with ten questions that anyone’s child in junior high could have put together, or AI could have done for free,” Burgum said during the Cabinet meeting. “$830 million, so that is one that we stopped and that contract was going out after you were inaugurated, sir.”
“It’s fraud,” Trump responded. “But we’ve had many fraudulent contracts that were caught by the work that Elon and his people are doing and working with our people. It’s been brought to light. The fraud, not just waste and abuse. The fraud has been incredible.”
An X account linked to the White House said Burgum announced $830 million in savings by “cutting contracts for useless surveys.”
“The EPA has now canceled over $22 billion worth of contracts – $2 billion going to this NGO that Stacey Abrams was tied to. They received only $100 in 2023 and then the Biden administration gave them $2 billion,” Environmental Protection Agency Administrator Lee Zeldin also said. “The director of the Greenhouse Gas Reduction Fund saw his former employer get $5 billion dollars. So $20 billion went to just eight NGOs.”
“The partnership with DOGE and Elon Musk has been incredible at EPA. Their team is very talented, we wouldn’t have been able to do it without them and of course this mandate from President Trump to make sure that we identify every last penny, whether we are saving $50,000, five million dollars or $22 billion dollars we will not rest until every last penny is saved. Thank you, Mr. President for the opportunity to do this for the American public,” Zeldin added.
