The federal government makes billions of dollars in payments each year to individuals, businesses and organizations. But as we all know, not all of those payments are legitimate. Fraud, waste, and old-fashioned incompetence mean that huge sums are paid out in error. How much? According to the Manhattan Institute, enough to put a nice dent in the yearly deficit:
Despite what some politicians tell us, the federal government is a master at wasting money. Not all of that waste is due to sinister plots intended to defraud the taxpayer. Much of it can be put down to old-fashioned incompetence.