In an interview with journalist Christopher Rufo, Treasury Secretary Scott Bessent revealed a shocking statistic. Hundreds of billions in the U.S. budget are being thrown down the sewer on waste, fraud, and abuse each year.
The information comes from the General Accounting Office (GAO).
A GAO analysis found that between $233 billion and $521 billion was lost annually due to fraud during fiscal years 2018 through 2022.
Since fiscal year 2003, improper payments — separate from fraud — have likely cost taxpayers about $2.8 trillion, the GAO also found.
It’s good to know someone is looking into it. The US has long been a piggy bank for criminals. Then, we imported even more of them.
All I can say is just wow
And this is why I only get half of what I’ve earned on my weekly check !!!
Lot of rich Politicians – guess I picked wrong line of work…
I would bet that the number is 2-4 times that.