The Biden-Harris administration is eclipsing the $1 trillion mark in improper payments, a new record for wasted money in a four-year term, according to a recent report from OpenTheBooks.com.
Key facts: Improper payments — money sent by the federal government to the wrong person, for the wrong reason or in the wrong amount — totaled over $800 billion from 2021 to 2023, adjusted for inflation.
Medicaid and Medicare accounted for 43% of improper payments last year, but problems were found across the board.
Barack Obama wasted roughly 4% of his spending on improper payments in his second term.
Donald Trump wasted roughly 5%, and Biden is approaching 6%.
The bipartisan “Improper Payments Transparency Act” advanced out of committee with four sponsors including Reps. Jimmy Panetta and Scott Peters.
It would require the president’s budget to identify ways to reduce improper payments.
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