Our national government admits to wasting at least $100 billion a year, yet nobody gets fired for it. Bureaucrats and Congress don’t fix the loopholes; that could make some people mad and their votes might be lost.
Everyday people would be in prison if they handled their taxes the way our government handles our tax dollars. Government inefficiency is legendary.
The mis-named EITC (Earned Income Tax Credit) is actually a public assistance program with 24% levels of fraud and waste, costing us almost $18-billion a year. Medicare wastes almost $46-billion annually, with a 12.7% error rate.
For the government’s official list of “high-error programs, click HERE.