Waste, Fraud and Abuse

Ah, our old friends, waste, fraud, and abuse, the bane of politicians everywhere. Based on the number of politicians I have heard during my adult lifetime promising to generate massive savings from cutting waste, fraud, and abuse, I estimate that this diabolical trio accounts for approximately 113% of all Federal spending. The percentage may be even higher at the state and local levels.

via Waste, Fraud and Abuse – Megan McArdle.

I’m sure that there are at least a few people sufficiently detached from reality that they believe that eliminating “waste, fraud, and abuse” will actually pay for health care reform. For the rest of us, it’s pretty clear that Obama wants to avoid the cost issue and it’s impact on American households. My respect for this president just dropped several notches.

Still, the world is full of surprises – Obama may have a deep insight which everyone else has missed. We should give him a chance. How about we eliminate a few billion in waste-fraud-abuse now and use the massive savings to undertake some reform later?

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