Wednesday, November 17, 2010

Improper payments increased to $125 billion

That is an improvement President Obama is proud of. What? Yes. Improper payments from government entitlement programs increased to $125 billion and Slow Joe Biden claims it is an improvement. At the White House, paragraph six:
Now, because many of the targeted programs – such as Unemployment Insurance and Medicaid – are paying out more benefits as the economic downturn creates more demand for these benefits, the total number paid out in improper payments increased to $125 billion last fiscal year even though the overall error rate declined. This is an unfortunate result of the recession and of basic math: the more that is paid out, the more paid out in error even if the overall rate declines.
Now they need a tax increase to cover the increased costs. Pay up. More at American Spectator.

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