Obama Cuts Off Constituents
Jul 23, 2010 Political
The good news for taxpayers is that Barack Obama signed into law on Thursday legislation that is supposed to prevent about 50 billion dollars from going to people who are not supposed to get it. The dead, those in jail and fugitives have been paid money they are not supposed to get.
President Barack Obama on Thursday signed legislation intended to slash by $50 billion the taxpayer money improperly paid to dead people, fugitives and those in jail who shouldn’t be getting benefits. Yahoo News
The bad news is that this will only reduce by about half the number of such payments.
This is what happens when government is involved. Programs are put into place and they grow because government never shrinks. As they grow, they become more difficult to manage and oversight (if any existed to begin with) is lost in the massive bureaucracy. People who have died or are incarcerated continue to get paid because no one is able to decipher what is going on.
This happens in all government programs and will happen in the new health care takeover.
Interestingly, this kind of waste is generally shrugged off but let a contractor (like Halliburton) get paid to much and all hell breaks loose. I fully agree with holding contractors accountable but how can they be held to standards that the government cannot achieve?
This is one of the problems with the financial takeover bill that has been disguised as a reform bill. The very people who spend too much and waste our money have put in place a law telling private businesses how to do things, as if the government knows. To top it off, the two biggest criminals in Congress (with regard to financial items) wrote the bill. Barney Frank and Chris Dodd are directly responsible for the economic collapse because of their legislation and support of companies involved in the mess (hard to bite the hand that is feeding you).
So we reward these morons by letting them write the legislation to supposedly correct the mess they caused.
Only in our government can such stupidity take place.
Another bad news item for Democrats is that Obama has cut off about 50 billion dollars from their constituents.
There are a number of dead people in Chicago now considering staying home on election day…
Never surrender, never submit.
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Tags: dead people, dodd, frank, government waste, Obama, taxpayer
Fannie Wants More Money
Feb 26, 2010 Political
Fannie and Freddie have been cash cows for friends of Democrat politicians. They go there and make millions and then leave. These two entities have been bailed out time and again since the stimulus and now Fannie wants more money:
Fannie Mae, the mortgage-finance company under federal conservatorship, said it will seek $15.3 billion in aid from the U.S. Treasury after posting a 10th straight quarterly loss.
A fourth-quarter net loss of $16.3 billion, or $2.87 a share, pushed the company to request its fifth draw on an unlimited lifeline from the government, Washington-based Fannie Mae said in a filing today with the Securities and Exchange Commission. Bloomberg
These two organizations are the ones Barney Frank said were not in trouble. These are the ones that Democrats protected and claimed were solvent.
They made these claims despite George Bush’s concern over their financial health.
We know what happened to them and now they want more money from the taxpayers.
Is the government the organization you want running your health care?
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