We’ve been reading so much about all the rampant waste in the federal government, from USAID to the Education Department to FEMA, that Elon Musk and DOGE continue to uncover at a staggering pace.
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But sometimes you wonder, who are the beneficiaries of all this fraud and waste—where’s the money going? I mean, besides to terrorists, social justice warriors and the like.
Your questions may soon be answered. Grab the popcorn and fluff the couch pillows because Donald Trump told reporters at a briefing in the Oval Office Wednesday afternoon that he plans to name names at a press conference scheduled for Thursday. Responding to a reporter’s question, he charged:
Tremendous fraud—there’s tremendous fraud. And it’s hard to believe that you can have that kind of fraud.
What we’re going to do is tomorrow [Thursday], I’m having a news conference. I’m going to read to you some of the names that hundreds of millions and even billions of dollars have been given to, and if you tell me that we should be giving money to those things, those entities, I think you’ll probably have to leave as a reporter because you’re not very talented.
Watch:
🚨‼️JUST IN: President Trump commends Elon, announces a news conference set for TOMORROW —
— will read list of names of recipients of waste, fraud and abuse.
“I’m going to read to you some of the names that hundreds of millions and even billions of dollars have been given to.”… pic.twitter.com/6QzXTAPFtA
— Western Lensman (@WesternLensman) February 12, 2025
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The president said when you see the kind of money being thrown around, you can only conclude there’s rampant corruption:
When you look at the kind of money, billions and billions of dollars being thrown away illegally, and there’s no there’s no chance, I mean I say in front of our attorney general [Pam Bondi], there’s no chance that there’s not kickbacks or something going on.
When you give millions and millions of dollars to somebody that stands to look at something for 15 minutes and walks away with millions of dollars, that money’s coming back in some form—and that’s only one form of corruption.
Not only will he be revealing names of the entities and perhaps individuals who are benefiting from the waste and fraud, but he also said he’s bringing examples of ridiculous expenditures—plenty of them:
The biggest thing is what they do to our country, they’re taking massive amounts of money and spending it on items. I went through a list of 200 expenditures that were made, and I found three that looked like they were reasonable. Okay, three. And we’ll be talking about that tomorrow.
He also praised DOGE head Elon Musk, who has been taking plenty of heat—much of it grossly personal—over his role in cutting the fat out of government.
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We have a lot of stuff, and I want to commend Elon because he’s done a fantastic…
He doesn’t need this, you know. He’s abused by you people every day. He’s found more things than anybody could find. I think he’s got the credibility to do it. I know he does. And it’s his group of people, you know, they started off with 12. I call them 12 geniuses; they started off with 12 and they went to 20 and 25 (staffers), and now they’re up to almost 100. People are joining to help them because there’s a massive fraud that’s taken place.
See: Elon Musk Goes on the Offensive From the Oval Office, and His Kid Steals the Show
Buckle up. It promises to be an interesting Thursday.
PRESIDENT TRUMP: You get nothing to North Carolina and then they send $59 million to New York City for a hotel for migrants where they are making a fortune. We catch them, but a judge says even though it may be a fraud, you have to send the money in anyway. pic.twitter.com/zhZCBauuhE
— Rapid Response 47 (@RapidResponse47) February 12, 2025