Skip to comments.Federal Government Waste Exploded Under Obama, Data Show
Posted on 05/21/2016 5:09:47 AM PDT by IBD editorial writer
Big Government: The federal government wasted more than $100 billion on overpayments last year. It knows this, even tracks it, but somehow cant seem to stop it. Is there a better indication that government is too big?
A federal website called Payment Accuracy tracks in great detail what it calls improper payments made by the federal government through Medicare, Medicaid, farm programs, school lunch programs and others to contractors, doctors, students, and so on.
Last year, the government made $126 billion in overpayments, nearly double the amount of made in President Bushs last year.
Improper payments in Medicare, for example, went from $10 billion in 2008 to $43 billion last year; and for Medicaid, the figured jumped from $19 billion to $29 billion.
The Payment Accuracy site notes that the government also underpaid by $11 billion last year. Still, at $115 billion, the net overpayment just in 2015 is massive.
It is, for example, equal to the combined budgets of the Departments of Justice, Energy, Interior, State and the EPA for 2015.
Its twice as much all the income taxes paid by everyone making less than $50,000.
Its roughly equal to the combined 2015 profits of Apple, Exxon Mobil, Wal-Mart, Google, Pfizer and Comcast.
The Payment Accuracy site also notes that for some programs, improper payments account for a substantial share of their budgets. They account for 23% of the Department of Agricultures school breakfast program, for example, and almost 24% of the money handed out through the Earned Income Tax Credit program. Almost 10% of Medicaids budget is made up of improper payments
(Excerpt) Read more at investors.com ...
They have zero respect for the labor that went into all that money they get. Just friggin’ awful.
This coincides with Traitorobama giving aid and comfort to the enemy... and Traitorcongress allowing him to get away with it.
the money was not wasted
the money was taken from the treasury to buy votes
the travesty is criminal and there should be thousands in prison or gone
What about all the billions allocated to states to set up their own Obamacare exchanges, many of which never got off the ground and some which have subsequently failed. Money down a black hole.
An overwhelming force of man power and planning needs to be applied to haul these bastards out in chains and then jail. The corruption is so entrenched it goes across the board, whether by force threat or payment. We only see the puppets that are doing the bidding of the outside foreign controllers the globalists
Theft from the government is an Alinsky organizing technique. Obama is sympathetic to every organizing group with a progressive cause, and doesn’t care how the money is sprayed around. It’s also consistent with the Cloward-Piven idea of overloading the system so it can be reformed.
Let’s see how that reforming works in test case Venezuela in the coming weeks.
This is an outrageous lie! Every penny of taxpayer money has been spent with the utmost care and prudence! And put to the best possible use! Not a penny was wasted! That wine was excellent! The hot tub was a customary and necessary expense! Only filthy neocons and lying Republicans would ever say otherwise. Just ask Jeffrey Neely!
That’s right, part of a massive workfare project that was designed to maintain the illusion that Obamunism works.
Bambi will use any and all means available to assist in the destruction of America.
Government waste is just another way to fleece taxpayers and accelerate their dependence on gov’t.
Will the public ever know all the damage obama has wrought on this country. he’s been very busy using his pen, threatening those who don’t obey his every command, defying judges .... and the republican held house and senate lie in a wasteland asking his highness if needs anything more.
I hope Trump establishes an aggressive forensic accounting squad to track the billions that have been looted and tucked away overseas. This whole administration learned how to govern by watching third world klepto-thugs. I’m absolutely certain that at least two big-wigs now or formerly in the Obama admin have stashed billions in “retirement funds” overseas.
A billion lost here, a billion lost there. Pretty soon you are talking about real money.
What really frightens me is this. If Trump wins, and I believe the people are so fed up with business as usual that he absolutely can win, the numbers of traitors embedded in every area of our Fed Govt will not be fired. They will lay low, doing as much damage as possible for as long as they can. Our Fed Govt is rife with Obamabots that want to see America fail and be destroyed. But I also believe Trump is the only one who will try really hard to root out those who are he** bent on doing us harm. How did this once great country come to this???
“How did this once great country come to this???”
Meanwhile when was the last time GAO raised meaningful substantive questions regarding such matters?
>”How did this once great country come to this???”
You’re off by ~ +50yrs. The pleebs then thought taxing the ‘rich’ was the way to go and having govt ‘save for their retirement’ was A.O.K.
Boobamba’s version of “redistributing the wealth”........embedding all those know-nothing social justice morons in our govt w/ 6 figure salaries.
They have one goal: to harass and makeup wrongdoing against the capitalistic system b/c it’s too “white.”
NOTO BENE: Trump better act now.....b/c Boobamba’s gonna shred all those documents to avoid taxpayers knowing what he’s doing.
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