Tracking The Stimulus: GAO Issues Report To Congress (& Cartoons)
The results are decidedly mixed; $50 Billion has gone out with $170 billion set to flood states and municipalities in 2010-11. The other $530 billion is being tracked separately, and consists substantially of un-needed (in deficit terms) tax cuts. The downside is the lack of transparency and accountability, but the GAO's Chris Mihm says they're still working on that part.
That's a relief. What could possibly go wrong with gifting $780 billion of your children's borrowed future to a bunch of bloated-budget bureaucrats. Heaven forbid, states and local governments use the recession as an opportunity to pare back excesses built over a 20-year revenue boom.
But that would only happen if decision makers cared about responsible governance as much as re-election. Inside we have compiled the complete, embedded GAO report, an extensive review from the AP, 7 more cartoons, and a 2-minute, CNBC clip from GAO Managing Director Chris Mihm.
Don't Get Mad, Just Get Even--Vote Them All Out In 2010!
Extensive AP Review of Stimulus Monies Spent So Far
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Oct 1, 2009 at 2:10 AM
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