Thursday, February 19, 2009

Stimulus Package: Waste, Fraud, and Abuse

So they've done it. Lawmakers passed a nearly $800 billion stimulus plan - roughly the equivalent of an entire year's of discretionary government spending - in just over a month.

Now who's going to make sure all that money isn't wasted?...

The White House, again leveraging an online savvy that helped get them elected, created http://www.recovery.gov/ - a site where anyone can go and supposedly see exactly who is getting what...

We can't rely solely on the administration to self-police," he said...

"Generally, Congress had no record of ever actually doing anything with the oversight reports they get," said Brian Riedl...

read the CNN article

My thoughts: While attempting to prevent waste, fraud, and abuse is a good goal. A bailout bill that was passed out pure economic ignorance will do far more harm than a little waste.

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