PolitiQuote

Discover video-sourced quotes by politicians

Elon Musk: “That's the number which is estimated to be on the order of…”

Featuring: Elon Musk, Senior Advisor to the President, Head of Department of Government Efficiency | National

Watch on YouTube

Elon Musk exposes the 'biggest' source of fraud in the world

Published | Video Starts at 04:04

… Administration loans and medical, where those are fake Social Security numbers or they've stolen somebody else's Social Security number. And we're trying to put a stop to all that. And That's the number which is estimated to be on the order of 10% of federal expenditures, which is, you know, half a trillion dollars. A huge number. Yeah. You're working with the agency heads, you're working with the Cabinet secretaries. Yes, I saw Howard Lutnick was on TV yesterday saying you were partnering with them. (04:04–04:12)

CLAIM

Asserts that fraud accounts for 10% of federal expenditures, equating to half a trillion dollars.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Elon Musk

Discover more from

Elon Musk

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.