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Dawn
Dually LicensedForum Replies Created
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How long does the appeals process typically take?
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Dawn
MemberFebruary 19, 2025 at 7:48 pm in reply to: GCA FORUMS HEADLINE NEWS for Wednesday, February 19th, 2025The recent debates and controversies surrounding Elon Musk’s leadership of the Department of Government Efficiency (DOGE) are noteworthy. This newly founded department has the responsibility to find and remove any waste, fraud, or abuse within federal agencies. Their approach has drawn both negative and positive criticism from the public.
Claims of Social Security Fraud
One of the most controversial issues related to DOGE has been the Social Security Administration (SSA). As far back as November 2021, Elon Musk and President Trump have claimed that millions of dead people, some allegedly over 150 years old, continue to reap benefits, resulting in great losses. Experts and some ex-officials have undermined these claims. Martin O’Malley, former Social Security commissioner under Biden, has dismissed Musk’s accusations, claiming they are “too much” and “misinterpret” SSA information. Some audits suggest that “improper” payments are less than one percent of the $8.6 trillion paid out from 2015 to 2022. Most errors involve “overpayments” to living people rather than payment frauds. The confusion is due, in part, to the SSA’s obsolete databases that contain unknown birthdates, which default to ages exceeding 150 years instead of actual payment frauds.
Access to Treasury Payment Systems:
DOGE has further expanded its agenda to include the Department of the Treasury. Secretary of the Treasury Scott Bessent awarded DOGE a ‘prime’ account on the federal payment system, where more than $5 trillion in payments, including Social Security and Medicare disbursements, are allocated yearly. This led to the resignation of David Lebryk, a senior Treasury official who was against the move.
Worries have stemmed from the security breaches and operational risks concerning this system, especially after a DOGE employee, Marko Elez, erroneously controlled the payment system. While officials say that no payments were changed during his access, suspicions still loom over DOGE’s payment system, which integrates with the federal government’s finances.
Legal Problems and Ethical Questions
As fast and furious as DOGE moved, so did the legal problems and ethical questions. The attorneys general of fourteen states have brought a lawsuit claiming Musk has overstepped his boundaries by accessing sensitive government information and had too much control through DOGE. It argues that a Senate-confirmed official controls Musk’s conduct and, thus, moves to restrain him from directing executive branch personnel outside his agency. There are also some unfounded claims watchdogs are investigating over the adequateness of the control of the payment systems of the treasury and the allegations of payment fraud. These investigations aim to answer whether the actions and access of DOGE’s operations are legal and ethical.
Public Figures and Political Party Responses
Public and political personalities have had rather wide reactions to DOGE’s actions. Late-night television presenter Seth Meyers has criticized Musk, claiming his behavior signals the shutting down of consumer protection agencies in the name of operational efficiency, which is clearly bad.
In the political world, some lawmakers appreciate Musk’s aggressive efforts to reduce government waste. In contrast, others are concerned that overzealous measures might negatively impact vital services and public trust. The discussion underscores the conflict between attempts to reform the government’s streamlining functions and the need for transparency, accountability, and public services.
Elon Musk’s strategic placement of DOGE and the attempt to implant it was a drastic move to revolutionize the federal government and eliminate inefficiencies. Although the initiative is trying to curb waste and fraud, its approach and pace of execution raise a significant number of legal, ethical, and practical issues. With the pending investigations and legal actions, the issue has shifted to focusing on efficient governance measures with legal and ethical compliance, which is central to the national debate.
https://www.youtube.com/watch?v=-FPu8O-Rqh4
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Dawn
MemberFebruary 12, 2025 at 1:24 pm in reply to: GCA FORUMS HEADLINE NEWS FOR Wednesday February 12th 2025What is the current status of the Federal Reserve audit?
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Dawn
MemberFebruary 12, 2025 at 1:33 pm in reply to: GCA FORUMS HEADLINE NEWS FOR Wednesday February 12th 2025Like many entities, the Federal Reserve faces several layers of audits each year.
Below is an exhaustive breakdown of the present situation:
Independent Auditors: A qualified independent public accounting company audits the financial statements of the Federal Reserve Board of Governors, the 12 Federal Reserve Banks, and their related LLCs for a year. In 2023, the Federal Reserve Board issued consolidated annual audited financial statements and accompanying notes. KPMG LLP provided unmodified opinions stating that the financial statements were free of material misstatements.
Government Accountability Office (GAO): The Federal Reserve’s GAO audit is often included in the GAO’s annual reviews. In 2023, the GAO completed eleven projects concerning the Federal Reserve and had fourteen projects underway as of December 31, 2023. The GAO has numerous audit authorities under various acts, such as the Federal Banking Agency Audit Act or the Dodd-Frank Act and its orders.
Office of Inspector General (OIG): The OIG for the Federal Reserve Board works independently of the Federal Reserve System and is responsible for auditing and evaluating the Reserve Bank’s programs and operations that are assigned to the Board, as well as investigating other regulatory matters. The Office of Inspector General’s operations aim to ensure economy and efficiency and the prevention of fraud, waste, and abuse.
Public Disclosure: The Federal Reserve bills can be publicly accessed at their website. This enhances the transparency surrounding the Fed’s finances and other activities.
Legislative Context: Some legislation, like the ‘Federal Reserve Transparency Act,’ has attempted to include Federal Reserve monetary policy actions in the scope of GAO audits. However, these attempts have not been enacted in law, which means that the limitations on the review of the GAO’s monetary policy deliberations continue to exist.
Audit Confirmation Process: Institutions must confirm their balances with the Federal Reserve during the year-end audit. These confirmations can be done electronically via Thomson Reuters Confirmation or directly through an email from KPMG, guaranteeing that the financial statements are accurate.
Various posts on X seem to indicate sentiment regarding the Federal Reserve audits. Some claim that the audits were left incomplete. Others blame politicians for not attempting to audit the Federal Reserve more thoroughly. These tweets indicate political or public opinion rather than factual audit completion information.
There is mention of 22 states filing a lawsuit demanding an audit. However, no indications from the GAO or OIG suggest an operational or finalized audit status.
Another post noted the suspension of the Federal Reserve Audit due to ongoing litigation with the Federal Reserve’s Office of the Inspector General. While this is precise to one component of their oversight, it gives context to the audit status.
The Federal Reserve is annually subjected to external audits by the GAO and OIG, including the OIG composite report and its financial statement findings, all made public. However, the public and political interests find a broader scope of such audits, especially around public monetary policy, remains.
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Dawn
MemberFebruary 12, 2025 at 1:22 pm in reply to: GCA FORUMS HEADLINE NEWS FOR Wednesday February 12th 2025You can find the highlights of GCA Forums Headline News on February 12th, 2025, below:
GCA Forums Headline News Summary
Day by Day with President Trump:
- Monitor the progress, activities, and actions being executed by President Trump.
Elon Musk and DOGE:
- An Elon Musk update.
- Elon Musk, the Head of the Department of Government Efficiency (DOGE), has “found” hundreds of millions that were perhaps not unaccounted for.
- He sounded the alarm for possible laundering or theft alongside the audacious claim of so many powerful elected officials whose figures do not match their net worth.
Pardoning Rod Blagojevich:
Former Illinois Gov. Blagojevich received a pardon from Trump, who is now considering appointing Blagojevich as the U.S. ambassador to Serbia.
Immigration Enforcement:
The Trump Administration’s Tom Homan, along with Homeland Secretary Kristi Noem, have stepped up deportation efforts for illegal aliens.
AG Nominee Pam Bondi has defunded several sanctuary cities and is preparing to sue the mayors and governors of these regions.
Economic Policies:
Trump is focusing on tariffs in China, Canada, and Mexico.
The Federal Reserve Board will also be opened for a complete audit to check for the alleged taxpayer’s money.
Political Controversies:
- New rumors have come out about Pennsylvania Governor Josh Shapiro being involved in the assassination attempt of Trump.
- Under Trump’s Orders, All Federal Charges Against New York City Mayor Eric Adams Were Dropped.
Weather Update:
Freezing temperatures, accompanied by snow and other severe weather, are projected in Chicago and 25 other states.
Economic Indicators:
Gold and silver are at all-time highs, while inflation and interest rates remain steady at their peaks.
Expect these and other developments in upcoming GCA Forums News articles.
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ICE is estimating 700 plus arrests per day since President Trump authorized Border Czar Tom Homan to start raiding major cities throughout the United States.
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Carolyn Kennedy is the daughter of former President John F. Kennedy and brother of the late John F. Kennedy, Jr. Carolyn Kennedy is also the cousin of Robert F. Kennedy, Jr. Robert F. Kennedy, Jr. is the son of the late Robert F. Kennedy, who is John F. Kennedy’s brother. President Donald J. Trump nominated Robert F. Kennedy, Jr.,, as the nominee for Secretary of the United States Health and Human Services. Carolyn Kennedy is adamantly against her cousin, Robert F. Kennedy, Jr., becoming confirmed as the U.S. Secretary of Health and Human Services. Carolyn Kennedy has written to a group of Senators that her cousin, Robert F. Kennedy, will not make a competent Secretary of Health and Human Services and even went as far as calling Robert F. Kennedy, Jr., a predator. Does anyone have any information concerning her strong defamation of her cousin RFK, Jr. and her allegations that RFK, Jr. is a predator?
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Dawn
MemberJanuary 28, 2025 at 11:22 pm in reply to: Is Global Warming Real or Just a Money Making Conspiracy Theory?What are the biggest obstacles to implementing these policies?
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Dawn
MemberJanuary 28, 2025 at 11:12 pm in reply to: Is Global Warming Real or Just a Money Making Conspiracy Theory?Can you provide examples of specific policies to mitigate climate change?