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US federal governments gives 125.4 billion $ in wrong payments only for the fiscal year 2010

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posted on Feb, 22 2011 @ 06:48 PM
Now... do you realize how much that is? In ``waste`` spending... yeah I'm sure it was all a big mistake... and they totally didn't pay people under the table, their friends, corporations, lobbyists with that money... TOTALLY NOT...

And of course, nobody is going to go to jail over this.

When someones robs a bank, let's say he makes 50 000$... he goes to jail for 25 years... but steal 125 BILLION $... and it's alright.

Federal Improper Payments Continue to Increase

This week, Mercatus Center Senior Research Fellow Veronique de Rugy uses data from the United States Department of the Treasury [1] and the Government Accountability Office [2] (GAO) to examine recently reported improper payments within the federal government. These improper payments are defined as payments that are either fraudulent or are inadvertent errors (such as miscalculated or duplicate payments, payments for unsupported claims, or services not actually rendered). Since the implementation of the Improper Payments Information Act of 2002 (IPIA), these reported wasteful payments have increased by over 500% to $125.4 billion in fiscal year 2010.


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