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Elon Musk’s Department of Government Efficiency just put the brakes on fraudulent loans.
Turns out, infants and those over 120 years old were raking in SBA cash.
There’s one case of the 157-year-old who snagged $36,000.
To be honest, if you managed to make it to 157, you should get a reward like that. Trouble is, none of these 120+ people were alive.
Now he’s stating that date of births are mandatory.
Musk’s message?
No more loans to babies or the undead.
How will the liberals spin this logical response?
No more loans to babies or people too old to be alive (ie stolen Social Security numbers) https://t.co/m4QFdOTZ8k
— Elon Musk (@elonmusk) March 24, 2025
The Economic Times reports:
Tesla CEO Elon Musk has voiced strong support for the Small Business Administration’s (SBA) latest policy to curb fraud involving stolen Social Security numbers. In a post on X, Musk bluntly stated: “No more loans to babies or people too old to be alive (i.e. stolen Social Security numbers).”
His comment came in response to an announcement by the Department of Government Efficiency (DOGE), an initiative Musk has championed to eliminate wasteful government spending. The new SBA rule mandates that all applicants provide their date of birth and bars individuals under 18 or over 120 years old from receiving direct loans. This change follows reports of fraudulent activity, including a 157-year-old successfully obtaining a $36,000 loan.
The SBA’s updated verification process is a response to disturbing revelations about fraud in federal loan programmes. According to DOGE, during 2020–2021 alone, 3,095 loans worth $333 million were issued to individuals listed as over 115 years old.
Musk has long been critical of flaws in Social Security records. In February, he claimed that millions of deceased individuals were still listed as alive, potentially enabling fraudulent benefits and loans. Citing DOGE’s efforts to clean up outdated records, he noted, “Approximately 3.2 million number holders, all listed age 120+, have now been marked as deceased. More work still to be done.”
Why can’t we give loans to babies anymore?!
Only bigots don’t give loans to babies!
JUST IN: Elon Musk says children under 11 years old were taking out SBA loans totaling $330 million.
“I think the youngest was a nine-month-year-old who got a $100,000 loan.”
“That’s a very precocious baby we’re talking about here.” pic.twitter.com/aeAhnhRA5y
— Collin Rugg (@CollinRugg) March 24, 2025
This is a Guest Post from our friends over at WLTReport.