Give ‘em an inch, and they’ll take a mile. That appears to be the case in Chicago, where for decades the Transit Authority has been misreporting the mileage for its bus routes, thereby boosting the amount of federal taxpayer subsidies by as much as $150 million — and now, it seems, with Uncle Sam’s blessing. [...]
Archive for the 'Government Waste' Category
NO…THEY OVERCHARGED TAXPAYERS…NOT THE FEDS!
SOLYNDRA…THIS GIFT THAT KEEPS ON GIVING
Perhaps you thought the Solyndra scandal amounted to a $535 million government loan that will never be repaid. No such luck. In the latest twist, Solyndra’s investors could be rewarded for their failure, thanks to a tax benefit the Administration handed out in a bid to evade political accountability. The Internal Revenue Service exposed this double Solyndra [...]
%&#%@&%
It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a [...]
CAN WE SEND SOMEONE TO JAIL FOR THIS WASTE OF MONEY?
(CNSNews.com) – The federal government spent $27 million teaching Moroccans how to make pottery, a project that yielded less than stellar results, according to Sen. Tom Coburn’s recently released Waste Book 2012. Some pottery students showed up just to get the free lunches, and one pottery class reported just 10 regular students, according to information compiled [...]
THIS IS EXACTLY HOW THE CESSPOOL OF POLITICAL CORRUPTION WORKS…USING OUR TAX DOLLARS
…LOBBYISTS-DONATIONS-POLITICIANS-UNDESERVING COMPANIES WITH TIES TO ALL! Even as advanced battery maker A123 Systems struggled for financial viability, it played the Washington insider game, where political money and access go hand in hand. The Massachusetts firm dished out nearly $1 million to hire a powerhouse lobbying firm with close ties to President Barack Obama between 2007 and 2009, [...]
IT’S ONLY $250 MILLION! WHAT ARE YOU SO PISSED ABOUT?
A123 Systems Inc. (AONE), the electric car battery maker that received a $249 million federal grant, filed for bankruptcy protection and said it would sell its assets to Johnson Controls Inc. (JCI) The filing may fuel a debate over government financing of alternative-energy and transportation businesses. Federal grants and loans to companies including A123, Fisker Automotive [...]
HERE IS HIS LIST OF WASTE
Click below to view all 10 pages. http://www.coburn.senate.gov/public//index.cfm?a=Files.Serve&File_id=77c257a6-adc8-4e38-87a5-85c86d7ed4a5
IT’S JUST OUR MONEY!
What do robotic squirrels, menus for Martian meals and a musical about climate change have in common? They’ve all been made possible with taxpayer assistance, according to the latest survey of government waste put out by Sen. Tom Coburn, R-Okla. Known simply as the Waste Book, the report is a watchlist of eye-opening expenditures, which Coburn [...]
So…get OUR money back!
With little notice, inspectors generals across federal agencies are piecing together criminal and civil cases into stimulus money that was misspent, wasted or defrauded. The government’s chief spending watchdogs have already secured nearly 600 convictions and judgments against people and companies accused of misusing stimulus funds and have a whopping 1,900 investigations currently open into [...]
THIS MAKES ME PHYSICALLY ILL…THE MAN IS NOW WORTH $100 MILLION OFF THIS FARCE!
“Fourteen green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of President Obama’s historic push to seed a U.S. renewable-energy industry with public money.” Continued SOURCE: http://www.washingtonpost.com
