March 2010
Posted by: administrator
Last month, we took you on a week-long retrospective of Obama’s $862 billion stimulus and all the waste, fraud and abuse the American taxpayer ended up financing. But a new Congressional report shows that taxpayers actually get hit twice with much of the fraud from the stimulus.
The report reveals more than 730 allegations of stimulus fraud have been received by federal investigators. While this number is staggering, what is more disturbing is that the Education Department’s inspector general has stated that 60 percent of his budget is going towards monitoring and reporting stimulus fraud. Other agency inspector generals have reported that up to 40 percent of their budget will be used to tracking down stimulus fraud. Not only are stimulus funds being wasted, but additional taxpayer funds have to be used to investigate the wasted funds.
They might’ve “messed with Joe” once, but they’re costing the American taxpayer twice.