From White House Office of Management and Budget

The President — Thu, 19 Nov 2009 03:46:52 +0000

In the fiscal year 2009, which just ended Oct. 1, the U.S. government wasted $98 billion on “improper payments.” That’s their euphemism for money flushed down the toilet due to fraud, misdirected reimbursements, duplicate payments or money that was simply lost — not lost as in, “I lost money on that stock,” but lost as in, “I had a million dollars and now I don’t know where it is.”

The Illegitimate President » The Five

From White House Office of Management and Budget