GAO says at least $136 billion in improper payments made by government

The Government Accountability Office released a report showing that $136 billion in improper payments were made by government. An improper payment occurs "when funds go to the wrong recipient, when a recipient receives too little or too much money, when payment documentation is not available, or when 'the recipient uses federal funds in an improper manner,'" according to the government's Payment Accuracy website. The GAO was careful to point out that the actual amount of improper payments is probably much higher. Washington Free Beacon: Using GAO’s estimate of $136.7 billion in improper payments at a 4.8 percent error rate, approximately $2.85 trillion in federal spending was reported. But the federal budget in fiscal 2015was $3.69 trillion—nearly one-third more than the $2.85 trillion reported for analysis. Veronique de Rugy, a senior research fellow at the Mercatus Center, praised the GAO for being transparent about the...(Read Full Post)