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GAO: Feds made nearly $1 trillion in overpayments since fiscal 2003
Fox News ^

Posted on 10/05/2015 8:14:42 AM PDT by TigerClaws

Government waste took a significant turn for the worse in fiscal 2014, rising dramatically to $124.7 billion from $105.8 billion in fiscal 2013.

That’s a striking increase of nearly 20 percent in improper federal payments. As the White House and Congress continues to blow out the federal deficit to $18 trillion in their Miracle-Gro, “Supersize Me” approach to government, little is being done to stop federal overpayments. Since fiscal 2003, “cumulative improper payment estimates have totaled almost $1 trillion,” the Government Accountability Office (GAO) said in a new report.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS:
A trillion here, a trillion there. Pretty soon it adds up to a lot of money...
1 posted on 10/05/2015 8:14:42 AM PDT by TigerClaws
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To: TigerClaws

Obama phones don’t come cheap.


2 posted on 10/05/2015 8:15:40 AM PDT by ClearCase_guy (I've switched. Trump is my #1. He understands how to get things done. Cruz can be VP.)
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To: TigerClaws

Most of the over-payments go to democrats... but the press will find one or two that go to Republicans...


3 posted on 10/05/2015 8:18:54 AM PDT by GOPJ (Dems want gun legislation? Fine. Pass a Bill outlawing 'gun free' zones.)
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To: TigerClaws

Where do taxpayers go to get their money back?


4 posted on 10/05/2015 8:19:15 AM PDT by Arm_Bears (Biology is biology. Everything else is imagination.)
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To: TigerClaws

Billions of dollars in fraudulent EITC payments are going to Mexico. Illegals are claiming several nieces and nephews in Mexico as dependents, and no one is checking to see if these children exist. That is one place President Trump can eliminate a lot of wasted government spending.


5 posted on 10/05/2015 8:20:58 AM PDT by txrefugee
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To: TigerClaws

Purely accidental !

(wink, wink.....)


6 posted on 10/05/2015 8:22:34 AM PDT by Iron Munro (Proverbs 21:20 - The wise have stores of food and oil but a foolish man devours all he has))
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To: TigerClaws

IF , there are records(well before the hard drives crash) Claw it back


7 posted on 10/05/2015 8:23:03 AM PDT by butlerweave
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To: TigerClaws

People get the government they deserve.


8 posted on 10/05/2015 8:39:49 AM PDT by Starboard
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To: TigerClaws

Stealth Reparation?


9 posted on 10/05/2015 8:54:54 AM PDT by PetroniusMaximus
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