The San Francisco Municipal Transportation Agency has 29 major infrastructure and rehabilitation projects under way. They average 529 days behind schedule and are projected to waste a total of nearly $90 million in cost overruns. That doesn’t even include the $1.5 billion Central Subway, which is in a fiscal-risk category by itself.
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The San Francisco Examiner’s position on the awarding of government contracts has been consistent and straightforward. Transparent, competitive bidding is always the best public policy. With no-bid contracts or backroom-negotiated deals, the safeguards are not strong enough to ensure if taxpayers are getting their money’s worth of high-quality work.
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The debate over the stimulus is mostly settled -- the public overwhelmingly believes the money was "mostly wasted." It's not even close. But two years after the bill's passage, the scale of the waste may be
Every few months, the Congressional Budget Office produces a legally required report on the stimulus package.
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Federal bureaucrats will write checks totaling more than $3.7 trillion in 2011, paying for such items as alphabetical file-folder supplies and zinc-plated radiation shielding.
In the process, hundreds of billions of tax dollars will be paid to dead or otherwise undeserving people, spent on materials and products the government does not need or already has too much of, handed over to crooks masquerading as legitimate businessmen, or simply lost.
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They do it all for the Children:
The state-appointed authority overseeing Buffalo public school finances says taxpayer-covered cosmetic surgery rung up by the city’s teachers totaled nearly $9 million in 2009.
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“Sitting on Our Assets” is the humorous title of a depressing report by the House Committee on Transportation and Infrastructure chaired by Rep. John Mica, R-Fla., that catalogues the enormous waste that inevitably occurs when federal bureaucrats attempt to manage assets under their control. Consider it a primer on how to flush billions of dollars down the drain without even trying.
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Associated Press:
A government investigator says 89,000 stimulus payments of $250 each went to people who were either dead or in prison.
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One in 10 Americans are out of work, and this how the National Science Foundation is spending your money:
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One in 10 Americans are out of work, and this how the National Science Foundation is spending your money:
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Well, sort of. The Sharron Angle campaign in Nevada is hitting the Senate Majority Leader over stimulus waste, including a federally funded research project on the effects of cocaine on Monkeys:
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URL: http://www.sfexaminer.com/taxonomy/term/13115
