Federal Waste and Fraud Costs Every U.S. Household at Least $140K, Not Counting State and Local Misuse

Fraudulent activities in federal spending costs every one of the 132 million U.S. households $140,000 or more over their lifetimes, according to an April 14 Just Facts analysis of Government Accounting Office (GAO) data, but the actual total will be much higher once Washington’s waste, plus state and local government losses, are known.