The numbers don’t lie: $9.2 trillion in maturing debt, $36.2 trillion total, and an annual deficit of $1.8 trillion. The government is printing and borrowing like there’s no tomorrow, while interest payments alone exceed $1 trillion per year. This is why rates keep climbing. Gold is surging as investors brace for chaos. And if that weren’t enough, Biden’s administration flushed $236 billion down the drain in “improper payments.” The system is broken, and Washington keeps making it worse.
https://x.com/KobeissiLetter/status/1886813574263140632
https://x.com/KobeissiLetter/status/1886813579137208694
https://x.com/KobeissiLetter/status/1886813583675179210
Report: Biden Admin Made Improper Payments Totaling $236 Billion in 2023
The Biden administration wasted $236 billion in improper payments throughout 71 federal programs in 2023, according to the Government Accountability Office.
The improper payments underscore President Donald Trump’s vow to clean up the administrative state and his support of DOGE (Department of Government Efficiency) and of Elon Musk’s audit of the federal government to cut waste, fraud, and abuse.
The massive sum — three-quarters of which was reportedly overpayments – was just a portion of the federal deficit ($1.8 trillion) under the Biden administration.
