The Chronicles of Insanity – Episode 34
In our thirty fourth episode of Chronicles of Insanity, we’ll look at the insanity of the federal government paying for the lifeless and extra.. Do not forget that madness is a state of psychological sickness, extreme and very silly conduct, and a state of frantic or chaotic exercise. Let’s check out the insanity of presidency spending.
Our authorities businesses not too long ago admitted to creating an unbelievable $2.25 trillion in abusive funds since 2004. Final 12 months the full was $175 billion. That works out to about $15 billion a month, or, drum roll please, $500 million a day and $1 million a minute. If we’re not cautious, they’ll spend some huge cash certainly one of as of late.
What’s an abusive fee? Wonderful query. These figures have been revealed in a report by an organization known as Open the Books. Federal regulation defines the time period as funds made by the federal government to the improper individual, within the improper quantity, or for the improper purpose. The 20 authorities businesses lined within the report are burning $500 million a day from our taxes. Let it sink in.
The worst offenders have been Medicaid, Medicare and Earned Earnings Tax Credit score. They signify improper funds of $121 billion or 69% of complete improper funds. The restoration charge, that means they discovered their mistake and acquired the cash again, is just 14 cents on the greenback. Who does this, and is he nonetheless working for us? After all, it is the federal government the place accountability is a phrase within the dictionary, not the union contract.
In 2019, well being and social companies gave $107 billion. The Treasury was a accountable pikeman giving solely $27 billion, whereas the Division of Veterans Affairs wasted solely $12 billion. The Veterans Administration, which squandered $22 billion, was the underside tier of the 20 sponsored departments. The Workplace of Personnel Administration got here lifeless final, throwing away simply $339 billion.
Curiously, a stunning $871.9 million in inaccurate funds was made to deceased people. It is true that not solely do the lifeless vote, however additionally they receives a commission. Provided that roughly 2.7 million individuals die every year in america, which means every deceased individual might have earned $323. I doubt it’s going to come out fairly like that, although? They reported discovering the foundation explanation for the dying manna, the dearth of dying verification. These individuals know the plain.
One other factor they found was that there have been 6 million social safety numbers for individuals over 112. There at the moment are solely 40 individuals on the earth identified to be over the age of 112 in an ironic twist. Apparently our authorities workers are being challenged to “confirm dying”.
In equity, the federal government is attempting to repair the issue. In 2009, President Obama signed an govt order to finish abusive funds. Within the 5 years since his order, abusive Medicare and Medicaid funds have elevated by $456 billion. However a minimum of he tried, did not he? Excellent news is the Ministry of Training. In 2018, they overpaid Pell grants and pupil loans by $6 billion. In 2019, abusive funds have been diminished to $1.1 billion, an 85% discount. Congratulations to Betsy DeVos. The IRS will get the honesty award. They overpaid practically $18 billion in 2019 and mentioned it might proceed as a result of they did not have the sources to chase it. Which nation !
Simply thought I would share one thing to make us all really feel higher after we do our subsequent taxes.
Might we get up from this insanity earlier than it is too late. I want you good well being, and till subsequent time, have enjoyable, get pleasure from life and be careful for the craziness amongst us. It is 2020 and it is spiraling uncontrolled.
#Chronicles #Insanity #Episode
division of training