Forty years ago this month, President Reagan announced a plan to address “the river of waste, fraud, and abuse that’s been rising for years,” flooding the federal government’s balance sheets.
But that tide has continued to surge to this day, and only now are we beginning to understand the scale of the damage these floodwaters are inflicting on taxpayers.
The nonpartisan Government Accountability Office (GAO) recently issued its first-ever government-wide report on taxpayer dollars lost to fraud...