Thursday, March 28, 2013

Seven Ridiculous Ways The Government Has Wasted $16 Billion Of Your Tax Dollars




7. In 2011, the Department of Agriculture forked over $28 million in unnecessary farm assistance payments.


6. The USDA also miscalculated the soil rental rate for farmers who don’t use all of their land for farming, wasting $114.5 million.

5. Roughly $208 million worth of single-family direct housing loans went to borrowers who have no history of stable credit and aren't expected to pay back their loans.

4. The Department of Education sent $42.4 million to Saint Mary-of-the-Woods College, a school that is ineligible to receive federal funding.

3. The Department of Veteran Affairs will award $2.5 billion intended for Veteran-owned business to ineligible small businesses in the next 2 years.

2. More than $437 million that was given to an energy company in Los Alamos was deemed questionable.

1. The Department of Health and Human Services wasted $2.7 billion because Medicare and Medicaid paid too much for wholesale prescription drugs



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