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Skip to comments.Feds Blow $100 Billion Annually on Incorrect Payments
Posted on 01/15/2014 10:10:10 AM PST by detective
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 theyre aware of the problem, they recover only a tiny fraction for taxpayers. This adds up to huge losses for the U.S. Treasury.
(Excerpt) Read more at news.yahoo.com ...