$2.7 trillion in 20 years.
No, you didn’t misread that headline.$236 billion in one fiscal year.
Democrats and the media lost their minds over a funding freeze. Why would we possibly need a funding freeze?
Let’s ask the GAO.
The federal government reported an estimated $236 billion in “improper payments” during the most recently completed fiscal year (FY 2023). Such payments are essentially payment errors that can be the result of many things—including overpayments, inaccurate recordkeeping, or even fraud.
Payment errors are a long-standing issue for the federal government. Over the last 20 fiscal years, it has made an estimated $2.7 trillion in such improper payments.
Some good news: payment errors have declined since last fiscal year by about $11 billion.
And much of that is just overpayments. Not grotesque mismanagement of funds as we’ve seen in USAID.
People have gotten used to the government wasting an economy’s worth of money on fraud and watching the bureaucracy pick the public dry.
Maybe they shouldn’t be used to it.
Article posted with permission from Daniel Greenfield
