We have seen the future, and it sucks.

Feds Blow $100 Billion Annually on Incorrect Payments

16th January 2014

Read it.

Between 2002 and 2012, federal agencies spent more than half a trillion dollars ($688 billion) on payments that should never have been made.

Every year, according to their own recordkeeping, the agencies that administer major federal programs are now paying out more than $100 billion dollars improperly, and even though they’re aware of the problem, they recover only a tiny fraction for taxpayers. This adds up to huge losses for the U.S. Treasury.

My, what a surprise! Aren’t you surprised? I’m sure surprised.

Comments are closed.