Earlier I posted this memory of the incompetence of the Small Business Administration in 1966:
Now comes this information from the DOGE folks:
$600 Million in Federal Loans to Children and Dead People
The federal government had on its books $300 million in small business loans to people under the age of 11, and more than $300 million to people older than 120, Musk and Davis said. “We should not be giving out loans to babies,” Musk said.
Obviously, he said, such loans are fraudulent — scammers steal a child’s Social Security number to obtain a loan, destroying the child’s credit for his entire life besides stealing from Americans. Scammers also use their fraudulently obtained SSNs to obtain disability and unemployment payments from taxpayers.
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A Friend of McHenry County Blog points me to Snopes, which says there is no documentation.
