this post was submitted on 10 Mar 2025
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DOGE Says Children Received $312M in Loans During COVID Pandemic (www.breitbart.com)
submitted 1 week ago by Lovstuhagen@hilariouschaos.com to c/Conservatives@hilariouschaos.com
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Thousands of loans worth $312 million were granted to children during the COVID-19 pandemic, the Department of Government Efficiency (DOGE) announced Saturday.

DOGE, which is headed by Elon Musk, said it had discovered that the Small Business Administration (SBA) had granted nearly 5,600 loans for $312 million to “borrowers whose only listed owner was 11 years old or younger at the time of the loan.” The loans were granted in 2020 and 2021. “While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used an SSN with the incorrect name,” the agency wrote in a post to X.

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[–] Chucklestheclown@hilariouschaos.com 2 points 1 week ago

I get why we did the loans but damn, it seems like they were abused by many. We need an audit of all the loans. They were meant to keep employees paid

[–] Alexstarfire@lemmy.world 2 points 1 week ago

Wouldn't shock me if this is actually true. The guardrails were removed for these loans. Basically worked on the honor system.