Thursday, January 15, 2015

Government Socialism Encourages Waste & Fraud : Big IS Not Better

Just where is the corrupt and failure found most often? Easy. Government. When the government gets to be so huge that the right hand doesn't know what the left hand is doing we are all in trouble. But this is not a new phenomena, this has been going on from the beginning, it's just that now with the  huge expansion that has occurred with Mr Obama and the progressive socialist liberal left democrats, it has become a crisis which threatens the entire country.

Government Made $106 Billion in Improper Payments
Source: Veronique de Rugy and Jason J. Fichtner, "Is Federal Spending Too Big to Be Overseen?" Mercatus Center, January 13, 2015.

January 15, 2015

New figures indicate that the federal government made $106 billion in improper payments in 2013, on programs ranging from Medicare to Unemployment Insurance to the National School Lunch Program. A new report from Veronique de Rugy and Jason J. Fichtner of the Mercatus Center dives into the details of these improper payments:
  • The Office of Management and Budget labeled 13 federal programs as "high-error" programs.
  • The ones with the highest error rates included the Earned Income Tax Credit (with a 24 percent improper payment rate), the National School Lunch Program (15.7 percent error rate), Medicare Fee-for-Service (10.1 percent error rate), Medicare Advantage (9.5 percent error rate), Unemployment Insurance (9.3 percent error rate) and the Supplemental Security Income program (8.1 percent error rate).
  • Based on absolute spending rather than the error rate, the programs with the highest amounts of improper payments were Medicare Fee-for-Service ($36 billion), the Earned Income Tax Credit ($14.5 billion), Medicaid ($14.4 billion), Medicare Advantage ($11.8 billion) and the Supplemental Security Income Program ($4.3 billion).
De Rugy and Fichtner say such large improper payments are the result of having a massive government that is too large to oversee.
 

No comments: