Transcription: Most people when they think about cutting government spending, they think in terms of eliminating necessary programs or wiping out something, some service that government is supposed to perform. I believe that there is enough extravagance and fat in government. As a matter of fact, one of the secretaries of HEW under Mr. Carter testified that he thought there was $7 billion worth of fraud and waste in welfare and in the medical programs associated with it. the General Accounting Office estimate that there's probably tens of billions of dollars that is lost and fraud alone and they have added t ...
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