No recollection of outrageous government waste would be complete without mentioning the U.S. Defense Department’s embarrassing credit card abuse, where by November 2001, 36,000 employees had defaulted on $623 million in official travel expenses and bad debts were growing by $1 million monthly. This eye-popping scandal, which banks had to write off, triggered congressional hearings amid allegations that high-ranking officials turned a blind eye to egregious charges made by personal associates and friends.
1