According to the researchers over at the Department of Government Efficiency, otherwise known as Doge,

it appears that hundreds of millions of dollars worth of PPP COVID loans were given to children.

Specifically, over the weekend, the official Doge account on Twitter, they released, well, rather,

the official Doge account on X released the following statement.

Quote, in 2020 through 2021, the Small Business Administration granted 5,593 loans for $312 million

to borrowers whose only listed owner was 11 years old or younger at the time of the loan.

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 a social

security number with the incorrect name. Now, the roughly 5,600 loans in question here come in one

of two types. There were either PPP loans, which

stands for the Paycheck Protection Program, or they were part of the EIDL, which stands for the

Economic Injury Disaster Loan Program. Both of these two programs were used extensively during

the years of the COVID pandemic in order to, you can say, essentially, prop up the economy.

In particular, the PPP loans

were quite attractive to business owners, given the fact that if you took a PPP loan and you

use that money to pay your workers instead of laying them off, then the entire loan would actually

be forgiven by the small business administration. And actually, it's worth mentioning that even before Doge began digging through all the data

under the Trump administration, there's actually been extensive research, which has shown that

these PPP loan programs were heavily abused, with many people just starting up fake businesses,

getting the money from the government,

and paying themselves in the form of a nice fancy car, nice vacations to Miami, and things like that.

That type of a scam was already well known. But what the Doge team is uncovering now is that

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