Federal Programs Waste Tens of Billions of Dollars Every Year

By:  Brian Koenig
02/29/2012
       
Federal Programs Waste Tens of Billions of Dollars Every Year

As duplicative and wasteful federal programs go unreformed, a report published Tuesday by the Government Accountability Office (GAO) affirms that the government is wasting "tens of billions of dollars" every year. According to the GAO, a nonpartisan investigative arm of Congress, nearly every agency of the Executive Branch could use improvement.

 

As duplicative and wasteful federal programs go unreformed, a report published Tuesday by the Government Accountability Office (GAO) affirms that the government is wasting "tens of billions of dollars" every year. According to the GAO, a nonpartisan investigative arm of Congress, nearly every agency of the Executive Branch could use improvement.

The report shows 51 areas and proposes 130 actions for reform, following a 2011 report that identified 81 areas and 176 actions to be taken to "reduce or eliminate unnecessary duplication, overlap, or fragmentation or achieve other potential financial benefits."
 
"Collectively, these reports show that, if the actions are implemented, the government could potentially save tens of billions of dollars annually," Comptroller General Gene Dodaro (photo) asserted during Tuesday's hearing in the House Oversight and Government Relations Committee.
 
Some agencies are conducting their own security evaluations for federal buildings, even though the Federal Protective Service uses $236 million annually to perform the same work. Moreover, 13 agencies fund 209 different math, science, engineering, and technology education programs, 173 of which overlap one or more other programs. Further yet, the government has at least 15 financial literacy programs in place, including three new ones added by the Consumer Protection Act and the Dodd-Frank financial reform law.

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