"Typically, U.S. [Government] programs lose 7% of their money to corruption, says the Association of Certified Fraud Examiners. Do the math, and that suggests $55 Billion of the $787 billion stimulus program is at risk. 'You can not throw that much money out that fast without having it abused,' says Senator Tom Cobern (R-Okla.). Bloomberg Businessweek, May 3rd 2010, page 29, "Tracking Stimulus Scamsters in Real Time."
The above does not even count the overhead of having our money flow into the Federal Government and then back out to us and the States. Think about it for every rebate, (housing, cash for clunkers, earned income credit, etc) that is issued we lose 7% just in fraud, plus overhead.
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