Final Tally for Biden-Era Improper Payments? $925 BILLION – IOTW Report

Final Tally for Biden-Era Improper Payments? $925 BILLION

Open The Books:

BY THE NUMBERS

During fiscal year 2024, federal agencies reported $161.5 billion in improper payments – money sent to the wrong entity, for the wrong amount or wrong reason – according to data released by the Office of Management and Budget in November.

That means President Biden left office having presided over $925.7 billion in waste, fraud, abuse and duplicative payments – and that’s just what agencies were able to report.

Adjusted for inflation, the figure grows to $986.2 billion – almost a trillion dollars lost through improper payments!

That’s the worst for any president since reporting began in 2004, even when adjusting for inflation. more

6 Comments on Final Tally for Biden-Era Improper Payments? $925 BILLION

  1. By the time Musk’s “Whiz Kids” actually get to the absolute end I bet this number will be at least doubled, maybe even close to tripled once they uncover the deeply buried stuff as well.

    2

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