Musk Advisor Exposes IRS Tech Failures, Warns of ‘Magic Money Computers’ A tech advisor working under Elon Musk’s Department of Government Efficiency revealed alarming issues at the IRS, calling its modernization effort “30 years behind schedule and $15 billion over budget.” Speaking on Fox News, Sam Corcos said the agency still relies on outdated mainframes running COBOL, a system banks modernized long ago.
Treasury Secretary Scott Bessent blamed excessive contractor costs, comparing them to a “boa constrictor” strangling government efficiency. He accused consultants and the media of obstructing reforms that would cut costs and improve privacy.
Meanwhile, Musk told Senator Ted Cruz that 14 “magic money computers” in federal agencies generate payments “out of thin air,”
leading to potential budget misrepresentations worth trillions. He warned that these systems prevent lawmakers from fully understanding government spending.
