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Taxpayer Dollars at “Use”

You can find many government expenditures that you do not agree with, but it is more noteworthy to find government expenditures that literally provide nothing.  According to the Washington Post:

This year, the government will spend at least $890,000 on service fees for bank accounts that are empty. At last count, Uncle Sam has 13,712 such accounts with a balance of zero.

They are supposed to be closed. But nobody has done the paperwork yet.

So even as the sequester budget cuts have begun idling workers and frustrating travelers, the government is required to pay $65 per year, per account to keep them on the books.

Maybe we can hope the service fees are going from one government entity to the other.  At the very least we can hope that the fees are going to a US based financial institution.

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Posted in Politics.


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