judging by the news, it’s hard to imagine that any federal spending goes to anything but fraud. Every day brings new examples, but here’s the most stunning so far:
The National Fraud Enforcement Center, which was just founded in April, announced that the first-ever nationwide tax fraud surge has “resulted in prosecutorial actions against 76 defendants in 45 days whose alleged crimes totaled an intended loss of $490 million.”
During the press conference, the agency’s head, Assistant Attorney General Colin McDonald, revealed that criminals steal “hundreds of billions of dollars every year from the taxpayer;” and that “more taxpayer dollars go to fraudsters every year than to most federal departments and agencies, including the combined budgets of the Departments of Energy, Justice, and Interior.” Their combined budgets are as much as $102 billion.
Kyle Becker at Redstate.com notes that the Government Accountability Office (GAO) estimates that federal programs fraud costs taxpayers between $233 billion and $521 billion annually. And the GAO separately estimated losses due to tax fraud at $116 billion to $304 billion. Becker says that’s “enough money to cover the combined annual budgets of the Departments of Energy, Justice, Interior, Agriculture, Commerce, Education, and Labor, along with NASA, the Environmental Protection Agency, and the Small Business Administration,” with “$26 billion left over.”
Definitely something to think about when a politician tells you that taxpayers just aren’t sending enough of their money to the government, which knows how to spend it more wisely than the people who earned it do.