(VitalNews.org) – In a stark advisory, five former U.S. Treasury Secretaries raised the alarm over actions associated with the Trump administration and Elon Musk’s DOGE team, claiming these maneuvers might destabilize America’s financial commitments.
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Concerns grow that such moves could unlawfully tamper with fiscal authority, threatening national financial stability.
These former Secretaries, including Robert Rubin, Lawrence Summers, Timothy Geithner, Jacob Lew, and Janet Yellen, caution against the current Treasury activities.
They argue these could undermine the United States’ global financial credibility amid allegations of unlawful fiscal practices.
Alarm bells are ringing over the replacement of non-partisan civil servants with Musk’s political appointees.
His so-called “department of government efficiency” is under particular scrutiny.
The five former Secretaries articulated their unease in an op-ed within The New York Times, pointing to cybersecurity, privacy, and constitutional concerns.
“Five former Treasury secretaries warned that recent actions by the Trump administration and Elon Musk’s DOGE team at the Treasury Department raise ‘substantial cause for concern’ that the United States’ financial commitments are being ‘unlawfully’ undermined,” Newsbreak reports.
The payment system’s infrastructure could face significant risk if mismanaged, highlighting the Treasury’s crucial role in disbursing federal funds.
The Secretaries stress these actions might lead to selective suspension of congressionally authorized payments, potentially disrupting the fiscal fabric of the country.
Since Trump’s time in the White House, Musk received extensive freedom to implement initiatives, creating waves in Washington, from federal employee buyouts to attempts at shuttering USAid.
However, many of these efforts are facing legal obstacles and are temporarily blocked by federal judges.
Kevin Hassett, a top economic advisor to President Trump, dismissed these concerns.
He criticized the former administration’s fiscal control and categorically denied Musk’s influence over the Treasury operations, terming it “poppycock.”
While the former Secretaries, who served Democrat presidents, argue DOGE’s operations are unconstitutional and warn of unlawful political control of federal payments, ongoing legal battles challenge the Treasury’s payment system access so determined by Musk’s team.
Five former Treasury secretaries have published a NYT op-ed warning Elon Musk's DOGE poses a threat to democracy.
Robert E. Rubin, Lawrence Summers, Timothy Geithner, Jacob Lew and Janet L. Yellen say DOGE may violate the Constitution if it attempts to halt payments previously…
— Kyle Griffin (@kylegriffin1) February 10, 2025
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