Posts Tagged ‘Stimulus’

Accountability Is Overrated

In Congress, Economy on January 4, 2010 at 7:48 am

The institution that wants to manage your health care is once again proving their aptitude at managing your money. A New Mexico (like the old Mexico, but fresher) watchdog group finds $27.5 million dollars American Recovery and Reinvestment Act funds attributed either to non-existent New Mexico Congressional Districts or to zip codes that do not exist in New Mexico or anywhere else.

The site reports that $373,874 was spent in zip code 97052. Unfortunately, this expenditure created zip jobs. But $36,218 was credited with creating 5 jobs in zip code 87258. A cool hundred grand went into zip code 86705, but didn’t result in even one person finding work.

None of these zip codes exist in New Mexico, or anywhere else, for that matter.

The report also credits New Mexico with $131,139, though the zip codes receiving these funds (but creating no jobs) are in fact in DuPont, Washington, Richland, Washington, and Gales Creek, Oregon.

Imagine that your spouse spent your family into a debt deeper than your ability to re-pay within your lifetime and then couldn’t tell you where the money went. Or worse… gave you fake receipts.

(H/T Hot Air)

Smart People Would Stop Digging

In Uncategorized on December 17, 2009 at 3:06 pm

A favorite saying of mine: When you find yourself in a hole, stop digging!

Apparently this is not a concept that congress is familiar with. They’ve just scooped out another big shovel full this week by raising the debt limit that they had previously imposed upon themselves.

When the Democrats came fully into power and the Obama spending spree began in earnest, Congress sugarcoated the pill that our children and grandchildren will have to swallow with a self-imposed debt cap as if to say “see, we’re responsible and can set limits for ourselves.” The trouble is that rules, for Congress anyway, were made to be broken or, in this case, changed if they’re inconvenient. (cute editorial cartoon here)

Now that Congress has a foot in the “stimulus” door they will continue to nudge the opening wider and wider.