The U.S. Government Wastes $125 Billion A Year

This is why I have said time and again on this blog that President Obama and Congress are screwing our kids future.

Via The Sun Sentinel

Each year, the federal government squanders an astonishing amount of your tax dollars on payments that are just plain wrong, including Social Security checks to the dead or incarcerated, free lunches to schoolchildren who don’t qualify and unemployment benefits to the employed.

In 2010, improper payments in federal programs totaled $125 billion. That’s more than six times the total budget for NASA.

“It absolutely is one of the big costs” to the nation’s taxpayers, said U.S. Sen. Bill Nelson, D-Fla. “The most egregious [example] is paying out these fraudulent claims.”

In Florida and throughout the country, prison inmates have filed fake tax returns and collected millions in unearned refund checks from the IRS, Nelson said. In South Florida, scammers have set up storefronts and bilked Medicare for non-existent treatment of seniors.

In a rare show of unity, Congress last year unanimously passed a law aimed at reducing wasteful spending by federal agencies, and President Barack Obama has set a goal of cutting erroneous payments by a total of $50 billion over the next two years.

With the nation’s debt now topping $14 trillion, “the federal government can’t afford to continue throwing away taxpayer dollars,” said U.S. Rep. Tom Rooney, a Republican whose district includes part of Palm Beach County.

Every dollar misspent means less for genuine needs from flood protection to food safety.

Read more at this link.

This is what happens when Government gets too big. It’s easy to shrink Government so our kids will have more of a future to look forward to.

Trackbacks

  1. [...] think? From a federal government that wastes $125 billion dollars a year no [...]

  2. […] lieu of eliminating some of the $125B – $200B that the federal government wastes each year, Mark Warner wants to restore the military benefits by going after big business (so the federal […]

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