13 January, 07:04
Hundreds of billions of taxpayer dollars are being squandered on waste, fraud, and abuse each year, Treasury Secretary Scott Bessent shockingly claimed in a recent interview.
Somewhere between 5-10% of the total federal budget gets gobbled up by wrongdoers each year
“If we can narrow that number, President Trump asked for a $500 billion increase in the defense budget to fortify the 10 to 20 years of neglect,” Bessent told journalist Christopher Rufo in a recent interview.
“If we need to flex up our military budget, if we can get rid of this waste, fraud, and abuse, we can finance a safer, sounder US with that, without taking on more debt. Sounds like a pretty good outcome to me.”
A GAO analysis found that between $233 billion and $521 billion was lost annually due to fraud during fiscal years 2018 through 2022.
https://nypost.com/2026/01...
Somewhere between 5-10% of the total federal budget gets gobbled up by wrongdoers each year
“If we can narrow that number, President Trump asked for a $500 billion increase in the defense budget to fortify the 10 to 20 years of neglect,” Bessent told journalist Christopher Rufo in a recent interview.
“If we need to flex up our military budget, if we can get rid of this waste, fraud, and abuse, we can finance a safer, sounder US with that, without taking on more debt. Sounds like a pretty good outcome to me.”
A GAO analysis found that between $233 billion and $521 billion was lost annually due to fraud during fiscal years 2018 through 2022.
https://nypost.com/2026/01...
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