That's a lot of money for dead people. :wow:
http://hosted.ap.org/dynamic/stories/U/US_OBAMA_IMPROPER_PAYMENTS?SITE=CONGRA&SECTION=HOME&TEMPLATE=DEFAULTLess money for dead people: Obama signs waste law
By DARLENE SUPERVILLE
Associated Press Writer
WASHINGTON (AP) -- President Barack Obama on Thursday signed legislation intended to slash by $50 billion the taxpayer money improperly paid to dead people, fugitives and those in jail who shouldn't be getting benefits.
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Bad payments range from outright fraud to checks issued to the wrong person or for the wrong amount because of a typo. The president said that every dollar wasted should be going toward helping people afford college, providing benefits to the military and many other legitimate uses of tax money.
For perspective, he said the $110 billion figure in wasted money last year was more than the budgets of the Department of Education and the Small Business Administration combined. "That's unacceptable," he said.
The bill marked the latest effort by the administration to get a tighter handle on Washington spending, a politically sensitive issue as more Americans show concern about the nation's mounting debt. The president used the opportunity to recite a series of other measures to target unneeded spending under his watch.
Last month, he ordered creation of a federal "Do Not Pay List" - a database that agencies ultimately must search before writing checks to individuals and contractors.
Obama has proposed a three-year freeze in spending not tied to national security. He has instituted changes in how government contracts are awarded to save billions in such costs, and he has directed agencies to sell excess or underused real estate.