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Sheldon Richman is the editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families. ... See All Posts by This Author

Government Misspent $98 Billion Last Fiscal Year

“The federal government made $98 billion in improper payments in fiscal 2009, and President Obama will issue an executive order in coming days to combat the problem, his budget director announced Tuesday.” (CNN, Wednesday)

Yes, a well-worded executive order should do the trick.

FEE Timely Classic
“Most Outrageous Government Waste” by Thomas A. Schatz

There Are 3 Responses So Far. »

  1. [...] Sheldon Richman says sarcastically “Yes, a well-worded executive order should do the trick.” $24 billion of the improper payments came from Medicare according to this report; another report over the weekend suggested Medicare lost $47 billion. But the Feds are now saying they are going to count as improper incomplete or illegible documentation, which the Bush administration did not. This then permits them to “multiply by 10 the number of agents and prosecutors targeting fraud in Miami, Los Angeles and other strategic cities where tens of billions of dollars are believed to be lost each year.” These will be claimed as savings … which will be spent on expanded coverage. [...]

  2. [...] Sheldon Richman says sarcastically “Yes, a well-worded executive order should do the trick.” $24 billion of the improper payments came from Medicare according to this report; another report over the weekend suggested Medicare lost $47 billion. But the Feds are now saying they are going to count as improper incomplete or illegible documentation, which the Bush administration did not. This then permits them to “multiply by 10 the number of agents and prosecutors targeting fraud in Miami, Los Angeles and other strategic cities where tens of billions of dollars are believed to be lost each year.” These will be claimed as savings … which will be spent on expanded coverage. [...]

  3. Kinda like the billions of dollars on pallets they lost in Iraq, Duh.

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