Recent news that the federal government spent $100 billion improperly caused barely a ripple in light of the government's enormous budget and the continuous flow of revelations of such waste and corruption that have provided journalists with full-time careers in tracking them down and writing about them.
One hundred billion dollars is less than three percent of the federal government’s annual budget, and most observers are probably happy that the misspending isn’t any worse than that.
The $100 billion waste was discovered by two such journalists at National Review when they uncovered an unheralded report from the Office of Management and Budget (OMB) that tracked “high-error” programs — those that waste at least $750 million a year — and discovered that just these 13 programs waste more than $100 billion every year. The top three, not surprisingly, are all healthcare related: Medicare Fee-for-Service reimbursements, Medicaid payouts to the states, and Part C of Medicare Advantage (which includes the prescription drug program) were responsible for nearly $62 billion of the “improper” payments.
Government waste, however, is vastly greater than just that uncovered at National Review. For example, there is last year's foreign aid package to Egypt that contained 16 F-16 fighter jets and 200 Abrams tanks. The aid was highly criticized as being gifts to an enemy, which sounds accurate, give that Egyptian President Mohammed Morsi was widely quoted as reminding his citizenry:
Dear brothers, we must not forget to nurse our children and grandchildren on hatred towards those Zionists and Jews, and all those who support them.
They must be nursed on hatred. The hatred must continue.
That, of course, would be the United States, the giver of those gifts.
Then there is the waste discovered by Michael Snyder, writing at The Economic Collapse blog, who is forever creating lists of ways the government is working to undermine the country’s economy. In one of his latest lists, “66 Crazy Ways that the U.S. Government Is Wasting Your Hard-Earned Money,” Snyder has a field day counting those ways:
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