Showing posts with label 16 Billion In Taxes Wasted. Show all posts
Showing posts with label 16 Billion In Taxes Wasted. Show all posts

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