Elon Musk Explains How the Government Can Save $100 Billion a Year

Elon Musk blows Joe Rogan’s mind when he says the government could save $100 billion a year just by forcing agencies to explain what their payments are actually for.

“You could put a payment through with no payment categorization code and no description on the payment, like basically untraceable blank checks. This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison.

“But this is just normal at the government. So we said, okay. Our recommendation to the Treasury and the Federal Reserve is like, we need to make the payment categorization codes mandatory, not optional. And there needs to be an explanation.

“We’re not judging the quality of the explanation, but there should be some explanation for what this payment is for above nothing. That’s a radical change to the system that is being implemented now. My guess is that probably saves $100 billion a year,” Musk said.

Full Video: https://www.youtube.com/watch?v=sSOxPJD-VNo