Congress and federal agencies wasted more than $1 trillion of taxpayer money in 2024, according to an analysis published by U.S. Sen. Rand Paul, R-KY, who has long called for fiscal responsibility and the end of waste, fraud and abuse of taxpayer money.
Wasting taxpayer money and uncontrolled spending has made the national debt worse, he argues, which this year surpassed $36 trillion.
“Americans are paying $892 billion in fiscal year 2024 on Uncle Sam’s credit card,” he said, referring to the interest paid on the national debt.
In Paul’s Festivus Report 2024, he says “members of both political parties in Congress voted for massive spending bills, filled with subsidies for underperforming industries, continued military aid to Ukraine, and controversial climate initiatives. As Congress spends to reward its favored pet projects, the American taxpayers are forced to pay through high prices and crippling interest rates.
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