An educated citizenry is a vital requisite for our survival as a free people.
Search
Close
  • Support
  • Store
  • About
  • ThinkCivics+
Menu
  • Support
  • Store
  • About
  • ThinkCivics+
Sign In
Subscribe
Support
Home US News Politics

End-of-Year Spending Spree Wastes Up To $100 Billion Each Year

The Political Insider by The Political Insider
September 14, 2021
in Politics
Reading Time: 1 min read
0
0
End-of-Year Spending Spree Wastes Up To $100 Billion Each Year

RelatedPosts

MTG Demolishes AOC With a Little Reality in Twitter Throwdown

NOONAN: Political Parties Are Struggling

During September 2019, federal agencies spent $91 billion on 642,567 transactions — an average of $3 billion on 21,418 transactions each day. In September 2018, the feds spent $97 billion.

If those figures are shocking, they should be.

Federal agencies worry that if they spend less than their budget allows, Congress may give them less funding next fiscal year.

So, they begin an annual spending spree with a “use-it or lose-it” mentality to spend all their budgeted funds by the end of the fiscal year, Sept. 30.

That led to spending $91 billion in just one month in 2019, with $23.8 billion of that coming in just the final two business days of the fiscal year, according to an oversight report by OpenTheBooks.com.

Monday, Sept. 30, 2019, the last day, broke all records with $12.2 billion in spending. Friday, Sept. 27, was second in line, spending $11.6 billion.

This year-end spending spree went to massive purchases like aircraft ($5.2 billion), gas turbines and jet engines ($4.4 billion), and construction of buildings ($1.4 billion). But it also paid for things like clothes ($328 million), transportation ($254 million) furniture ($458 million), food ($536 million), marketing and public relations ($457 million), batteries ($53 million), books and pamphlets ($23 million), and games, toys, and wheeled goods ($1.1 million).

There must be a better way to spend $91 billion of taxpayer money.

The #WasteOfTheDay is presented by the forensic auditors at OpenTheBooks.com.

The opinions expressed by the author are their own and do not necessarily reflect the views of ThinkCivics.com.

This article was originally published by the Political Insider. Read the original article.

The Political Insider

The Political Insider publishes the authentic conservative voices of political insiders and award-winning contributors who believe in personal responsibility, limited government, free markets, individual liberty, traditional American values, and a strong national defense. Each one is committed to combating the overwhelming liberal bias in today’s media to give you, the reader, the unedited facts on real issues.

thepoliticalinsider.com/
Tags: LifepoliticsRealClearWireSpendingWaste
Next Post
Biden Has Never Been Honest About the Trump Vaccines

Biden Has Never Been Honest About the Trump Vaccines

Senate Democrats unveil new voting reform measure, after GOP blocks For the People Act

Senate Democrats unveil new voting reform measure, after GOP blocks For the People Act

Students sue a Catholic University for refusing to grant religious exemptions to vaccine mandate

Students sue a Catholic University for refusing to grant religious exemptions to vaccine mandate

Facebook Twitter Rss
  • About
  • Advertise
  • Submissions
  • Contact Us
  • About
  • Advertise
  • Submissions
  • Contact Us
  • Policies & standards
  • Privacy policy
  • Terms and conditions

© 2023 ThinkCivics Media, LLC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
  • Login
  • Sign Up
  • Cart
  • Home
  • About
  • Store
  • Contact Us
  • Support Us
  • Join
Facebook Twitter Rss
© 2022 ThinkCivics Media. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In