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Ron Johnson: “The lowest estimate on an annual basis comes from GAO at…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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'What Do You Estimate?': Ron Johnson Asks Bessent How Much Fraud Is In The Federal Budget Annually

Published | Video Starts at 01:41

6 million people or phantom people taking advantage of those subsidies, costing the Treasury 25 to 35 billion dollars a year. No concern about that. From the other side of the aisle. I want to focus on fraud. The lowest estimate on an annual basis comes from GAO at $250 billion a year [in fraud]. We had the CEO of LexisNexis that didn't realize they did this kind of research. They put the annual figure about a trillion dollars. I think you've come up with your own figure. (01:41–01:47)

CLAIM

Asserts that the GAO estimates annual fraud in the federal budget at $250 billion.

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