Executive Order today regarding the Treasury. Suspicious?

[flamingdem]

Does anyone detect the grift in this Executive Order from today?

They're surely up to something. Some chatter online that this is a step towards digital currency and / or releasing a crypto coin based on US Debt.

I'm concerned about their plans for the dollar. Let it crash and replace?

Or something else entirely?

https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-protects-americas-bank-account-against-waste-fraud-and-abuse/

Fact Sheet: President Donald J. Trump Protects America’s Bank Account Against Waste, Fraud, and Abuse

PROMOTING FINANCIAL INTEGRITY AND OPERATIONAL EFFICIENCY: Today, President Donald J. Trump signed an Executive Order promoting financial integrity, transparency, and efficiency by improving the Department of the Treasury’s ability to screen for improper payments and fraud, track transactions, and manage the Government’s disbursements.

The Order directs the Department of the Treasury to update guidance and enhance systems across the Federal Government to ensure that all payments made on behalf of agencies undergo pre-certification verification to prevent fraud and improper payments.

In order for Treasury to disburse funds, agency heads must comply with Treasury disbursement requirements, which include ensuring that sufficient funds are available before obligations are incurred, verifying payee information, standardizing information reporting formats, confirming funds are being disbursed from appropriate sources, and implementing other verification and certification measures.

Agencies must share relevant data with Treasury to enhance Treasury’s ability to detect and prevent fraud, subject to applicable law.

Agencies will consolidate core financial systems, including for non-CFO Act agencies, consolidating transactional financial management services under standardized solutions to improve financial reporting and traceability.

Non-Treasury Disbursing Offices (NTDOs) will be reduced as appropriate, with Treasury developing a plan to centralize and manage payments previously handled by NTDOs.

MANAGING TAXPAYER FUNDS RESPONSIBLY: President Trump recognizes that financial fraud threatens the integrity of Federal programs and undermines trust in government.

The Government Accountability Office (GAO) estimates the Federal Government loses up to $521 billion annually to fraud due to inadequate data and outdated systems.

The Treasury is responsible for safeguarding the General Fund (sometimes referred to as “America’s Bank Account”) but currently lacks sufficient controls to track transactions flowing through it.

Fragmented disbursing authority, with NTDOs handing 22% of Federal payments, creates duplicative reporting and diminishes Treasury’s ability to provide centralized oversight.

The Federal Government’s longstanding challenges when it comes to accessing accurate data across agencies has prevented it from more fully safeguarding taxpayer dollars against fraud and improper payments.

Transitioning to centralized systems and ensuring basic pre-certification and verification measures before funds are disbursed will enhance security and improve efficiency in managing Federal funds.

[Joinfortmill]

1. Taking a wrecking ball to our institutions

[dweller]

2. Now I'm concerned with SSA payments to retirees and beneficiaries

“ Non-Treasury Disbursing Offices (NTDOs) will be reduced as appropriate, with Treasury developing a plan to centralize and manage payments previously handled by NTDOs.”

Who handles the SSA payments ?


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[yellow dahlia]

12. Interesting question? What exactly are NTDO's?

But also - is this one of the many EO's that lack authority, and circumvent Congress?

[dweller]

14. Non treasury disbursement offices

And EO’s only apply to federal agencies


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[Igel]

16. This is a bit more info.

Just a bit.

https://tfx.treasury.gov/taxonomy/term/10644

A Non-Treasury Disbursing Office (NTDO) is a U.S. government entity that is authorized to issue U.S. government payments, rather than through the Department of the Treasury (Treasury), Bureau of the Fiscal Service. The abbreviation NTDO can refer to the disbursing officer at a non-Treasury Disbursing Office, as well as to the office itself.

Take away: Some payments are processed by Treasury, some offices keep their own accounts and draw from government funds using their own in-house systems. This EO pushes everything towards what could be described as a "single payer" or disbursement process.

When involved in a student organization that ran the student store, restaurants, housed grad stu government and undergrad stu government and the campus newspapers; where the grad stu government had a movie series, a bunch of grad-level student publications, various other organizations; where the undergrad had identity groups and the on-campus environmental group and the two jointly ran a stu gov library ... All of those had budgets and needed to disburse funds. We all went through one "finance office" that produced uniform reports, kept the accounts in a uniform and professional way, and conducted a joint, unified internal and, annually, external audit.

Now with a school district, when I started well over a decade ago student groups could access their own funds, teachers had district credit cards, and fiscal control over all the stuff that the district funded, one way or another, per TX state statute, was hard to come by. Central office passed its audits, but every year the auditors said that around the edges it was lawless and they would render no opinion as to the integrity of the reports. Now we need to get prior approve through one office on each campus, and each campus and subdivision follows the same rules. It's a pain, but we get all kinds of praise for having a rigorous audit trail for every transaction and teachers know that after collecting funds that the old ways are banned--you just don't collect them in a box in your desk drawer or at home in a jar until you deposit them with the district or spend them in an entirely off-the-books sort of way. The upside--if you donate to a group, you can verify by noon the next day that your donation was received.

Implementation of the two fiscal systems was damned painful. But we adjusted and both the student organization and the school district are the better for it. (In fact, for all the ruckus a few weeks about the Treasury being where all the checks are issued so having DOGE have access to Treasury is giving away the crown jewels, apparently these organizations *don't* have their disbursements processed by Treasury.

[yellow dahlia]

18. Great - thanks.

Does SS check come directly from Treasury?

[vapor2]

3. I think we're all f**cked

[dweller]

4. I wonder if this EO was brought on by this

https://www.democraticunderground.com/10143401748

🤔





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[flamingdem]

6. That's got to be the reason. They want unfettered access

to all government funds and will get around any court orders.

Dictatorish power by centralization.

[Initech]

5. He can go shove each and every single one of his executive orders straight up his ass!

And also, someone else is writing these, it's time to find out who and cut off the supply chain.

[modrepub]

7. So What Happen When The Single System

gets gummed up or gets a serious cyber attack? Remember the old adage about putting all your eggs in one basket? Imagine what happens to the government payment system if it suddenly goes down or someone gets unauthorized access to the account. The last North Korean crypto attack heisted billions in a matter of seconds.

What an incredibly stupid idea.

[flamingdem]

10. They're going to force something on us

I think it's crypto where they can buy at the bottom and push out bitcoin holders - so the few can have it all. More or less.

[Igel]

17. They aren't redundantly parallel systems.

They are just parallel systems. Treasury already processes 90% of transactions and if they get ransomwared they can't just jump on over to one of the other systems.

But it means instead of defending one system we have to defend dozens. But again, they're all systems of one: They talk to themselves and don't have truck with the others.

And when there's an audit, there are dozens of incompatible, separate systems to reconcile. And whose software needs maintenance and upgrades.

[617Blue]

8. Nothing the GOP does is designed to help or protect any of us.

[CountAllVotes]

9. My late father's word re: REPUBLICANS

"I never knew one that had a god damned thing!"

And he knew!

& recommend.

[617Blue]

11. The OP is right - I'm guessing Musk has his hands in this particular directive.

Dad was wise.

[CountAllVotes]

13. He hated Republicans

"Vote the ticket kid! Just vote the damned ticket!"

Damn right he knew!

If the SSA check are late or something goes wrong, tRUMP and musKKK will have a price to pay from We The People!

[rickyhall]

15. This is Robbery.

They are robbing ud right in the open.