Elon Musk

And this is why the Department of War, formerly the Department of Defense, cannot pass an audit because the information is literally not there.

Recalibrate your expectations.

Federal government expenditures are $7.5 trillion a year.

Yeah.

What percentage, how competent do you think government is?

The discretionary spending there is like 15%.

Yeah, but it doesn't matter.

Most of the fraud is non-discretionary.

It's basically a fraudulent Medicare, Medicaid, Social Security, you know...

disability, there's a zillion government payments.

And a bunch of these payments are, in fact, they're block transfers to the states.

So the federal government doesn't even have the information in a lot of cases to even know if there's fraud.

Let's consider, let's like reductio ad absurdum.

The government is perfect and has no fraud.

What is your probability estimate of that?

Okay.

So then would you say that the government is 90%?

That also would be quite generous.

But if it's only 90%, that means that there's $750 billion a year of waste and fraud.

And it's not 90%.