An explosive report has revealed just how deep the abuse of the government purse goes.
The Congressional Budget Office (CBO) released a report that went viral this weekend.
The report detailed that the federal government spent over half a trillion dollars on programs that expired last year without ever actually authorizing the funding.
About 2,500 expired appropriations made up the $516 billion. That is no way to run a government.
From the CBO: “CBO identified 1,264 authorizations of appropriations that expired before the beginning of fiscal year 2024 and 251 authorizations of appropriations that were set to expire by the end of fiscal year 2024.
“CBO estimates that $516 billion was appropriated for 2024 for activities with expired authorizations, which the agency identified for each House and Senate authorizing committee (Table 1) and appropriations subcommittee (Table 2).”
24 laws were responsible for $470 billion of the $516 billion in total funding for expired authorizations that the CBO identified. 21 of those 24 laws also accounted for most of the funding in 2023 for expired authorizations.
Some of these laws date back to 40 YEARS AGO.
Here’s the list:
The news gets worse, though. Even more authorizations are set to expire this year, including $892 billion in defense spending.
Upon hearing the news of the massive government corruption, Musk responded with a raised eye emoji.
With this type of irresponsible governing, is there any wonder why the Democrats and the Deep State swamp are so scared of DOGE and Elon Musk?
Just how many of the people we elect are in on the graft and corruption? How much of the money they send to these causes and countries gets diverted to other people’s accounts?