Fact-check · Sep 3, 2026 · JD Vance
“Trillions of dollars of new spending that was going more to fraudsters than it was to the American people”
FALSE
What the record shows
GAO estimates $233-521 billion in annual federal fraud losses (3-7% of spending). COVID relief fraud estimates total ~$300 billion across specific programs. No credible source quantifies 'trillions to fraudsters' or shows fraud exceeded legitimate spending.
Sources
- Elon Musk on X: "Biden’s own @USGAO estimated fraud at up to ...
- Federal Inspector General Uncovers $521 Billion in Government Fraud ...
- At $1 trillion, Biden-Harris the most wasteful administration ever
- EPA Inspector General Report Reveals Biden Admin’s Wasteful ...
- Sessions & Mfume Request GAO Examine $2.7 Trillion in Improper ...
- GAO Report Affirms Oversight Committee Bills to Combat Fraud in ...
From: WATCH LIVE: JD Vance leads White House press briefing
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