Elon Musk Claims Children Under 11 Secured $330 Million in SBA Loans

Tesla CEO Elon Musk shared major news during a meeting with President Donald Trump and his Cabinet, shedding light on surprising financial irregularities.

During the session, Musk stood up and disclosed that the Department of Government Efficiency (DOGE) discovered that children under 11 years old had collectively secured Small Business Administration (SBA) loans totaling an astonishing $330 million.

The revelation raised serious concerns about the integrity and oversight of the SBA loan program, with Musk emphasizing the need for accountability.

Musk took it a step further, stating that the youngest recipient was an infant, merely nine months old, who managed to receive a $100,000 loan.

“That’s a very precocious baby we’re talking about here,” Musk remarked.

President Trump’s Cabinet outlined the billions in government contracts that had been canceled under his administration.

These included a “$300,000 contract educating queer and transgender farmers in San Francisco on food justice” and $830 million spent on surveys that “anyone’s child in junior high could have put together.”

Trump labeled these expenditures as “fraud,” prompting their termination. Elon Musk and the Department of Government Efficiency (DOGE) are working to curb unnecessary government spending.

“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 stated to Trump.

“We canceled a $600,000 contract out of Louisiana that was studying the menstrual cycles of transgender men. We canceled another contract at a university in the middle of the country that focused on increasing diversity, equity, and inclusion in the 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 explained to 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 that “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 an 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 explained 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 associated with the White House announced that Burgum had identified $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,” said Environmental Protection Agency Administrator Lee Zeldin. “The director of the Greenhouse Gas Reduction Fund saw his former employer get $5 billion. 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, 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 concluded.