Feds blew $3 trillion on ‘improper’ payments over the past 20 years

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Feds blew $3 trillion on ‘improper’ payments over the past 20 years
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A watchdog group tracked the government’s reports dating back to 2004 and tallied up the damage. They found that things grew worse during the pandemic, with massive rates of improper payments in 2021 and 2022, but it’s been a persistent problem for years.

, a watchdog group, tracked the government’s reports dating back to 2004 and tallied up the damage, adjusting for inflation. They found that things grew worse during the pandemic, with massive rates of improper payments in 2021 and 2022, but it’s been a persistent problem for years.

The Small Business Administration’s pandemic-era Paycheck Protection Program also sapped $29 billion in wrongful spending last year, while another pandemic program, the COVID Economic Injury Disaster Loan, saw $6.9 billion in bogus payments, the report said.Often it means fraud, sometimes it means payments that didn’t go through the right procedures, and other times it means a check that was cut for too much, or even too little. In every instance, it was a mistake.

He added: “The ever-growing tally of mistakes couldn’t come at a worse time: The Biden administration is spending vast amounts on the green agenda while agencies forgive themselves for untold COVID relief errors and fraud.” The report comes just hours after the Labor Department’s inspector general dinged that agency for failing to come up with improper payment plans for the hundreds of billions of dollars in enhanced unemployment insurance benefits that Congress doled out during the pandemic.

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