Nana knows gov't is inefficient at preventing fraud--she admitted that in her post ("decades"). She ain't going to admit to the possibility that private enterprise, which has been the backbone of innovation throughout our country's history, could do better at preventing fraud. In fact, she's going to imply (with no proof) that it would only get worse under private enterprise. Thats what happens when you are a devoted team member and blindly support your team even though you admit the current gov't run programs have been littered with fraud for decades. Whats the saying...to keep doing things the same way and expecting different results...................
Another gov't beauty:
A 2010 report compiled from government audits and reports by the Government Accountability Office, inspectors general and Congress found that more than $1 billion was sent to more than 250,000 dead people over 10 years.
Read more: http://www.bankrate.com/financing/re...#ixzz2M2GmsDk0
Follow us: @Bankrate on Twitter | Bankrate on Facebook
Originally Posted by G8trGr8t
so is it your belief that private companies are less effective at locating and minimizing fraud than the gubmnt is? Really?? If the gubmnt offered to pay any private corporation 50% of the fraud they could uncover the companies would be lining up at the gate to cash that check.
Private enterprise is much more efficient than the gubmnt will ever be. They have to be to remain in business. Unless you are too big too fail which seems to be what this gubmnt likes and encourages with their regulatory environment.