An explosive report has revealed just how deep the abuse of the government purse goes.
The Congressional Budget Office (CBO) released a report that went viral this weekend.
The report detailed that the federal government spent over half a trillion dollars on programs that expired last year without ever actually authorizing the funding.
From the CBO: “CBO identified 1,264 authorizations of appropriations that expired before the beginning of fiscal year 2024 and 251 authorizations of appropriations that were set to expire by the end of fiscal year 2024.
“CBO estimates that $516 billion was appropriated for 2024 for activities with expired authorizations, which the agency identified for each House and Senate authorizing committee (Table 1) and appropriations subcommittee (Table 2).”
24 laws were responsible for $470 billion of the $516 billion in total funding for expired authorizations that the CBO identified. 21 of those 24 laws also accounted for most of the funding in 2023 for expired authorizations.
Some of these laws date back to 40 YEARS AGO.
Here’s the list:
The news gets worse, though. Even more authorizations are set to expire this year, including $892 billion in defense spending.
(Read more: Gateway Pundit, 2/12/2025) (Archive) (CBO Report, July 2024)