The U.S. government has been losing up to half a trillion taxpayer dollars just to fraud for the past five years, according to a new Government Accountability Office (GAO) report.
America’s national debt as of Saturday morning is $39.13 trillion and climbing every second. Democrats have spent decades deliberately encouraging as much reckless spending and fraud as possible, but even most Republicans are content to overlook a vast amount of fraud and overspending if they secure the pet projects they want. Robert Westbrooks, former federal inspector general, gave April 15 testimony to the House Oversight Committee, exposing the gargantuan financial crisis.
State-run programs that the federal government funds constitute a major source of the fraud and waste. That ties in with the huge healthcare, childcare, and food fraud exposed under the Trump administration in recent months. Not only did the federal government under the Biden administration remove fraud guardrails, but Democrat states such as California and Minnesota are also encouraging and complicit in covering up the fraud.
Westbrooks testified that GAO found that for fiscal years 2018 through 2022, the U.S. government lost annually somewhere between $233 billion and $521 billion to fraud.
It’s probably a low estimate.