Thanks to Doug
R-OK Senator (Dr.) Coburn Releases Stimulus Oversight Report
Report Highlights 100 Examples of Stimulus Waste
June 16, 2009
(
“The American people have a right to know how their stimulus dollars
are being spent. In too many cases stimulus projects are wasting money
we don’t have on things we don’t need,” Dr. Coburn said.
“Rather than growing our economy, the overall impact of stimulus
spending may prove to be harmful to our economy. For example,
Washington’s efforts to ‘stimulate’ the economy are increasing utility
costs, repairing bridges nobody uses, building tunnels for turtles, and
renovating extravagant train stations in remote areas while widely-used
bridges and roads in poor shape are passed over,” Dr. Coburn said.
“I opposed the stimulus bill because I was concerned that 80 to 90
percent of the spending would not be true stimulus. I hope I am proven
wrong. Yet, our initial findings continue to show that taxpayers are
not getting the value they deserve and need,” Dr. Coburn said.
Dr. Coburn added that Earl Devaney, head of the Recovery Act
Accountability and Transparency (RAT) Board, estimates that at least
$55 billion of stimulus funds may be lost to waste, fraud and abuse.
However, the final number will likely be much higher. If stimulus funds
do not promote economic growth history may indicate that the vast
majority of stimulate dollars would have been better off staying in
taxpayers’ pockets.
Ten examples of wasteful stimulus projects in the report include:
1. $1.5 million in “free” stimulus money for a new wastewater treatment plant results in higher utility costs for residents of
2. $1 billion for FutureGen in
3. $15 million for “shovel-ready” repairs to little-used bridges in rural
4. $800,000 for little-used John Murtha Airport in Johnstown,
Pennsylvania airport to repave a back-up runway; the ‘Airport for
Nobody’ Has Already Received Tens of Millions in Taxpayer dollars.
5. $3.4 million for a wildlife “eco-passage” in
6.
7. $1.15 million for installation of a new guard rail for the non-existent
8. Nearly $10 million to renovate an abandoned train station that hasn’t been used in 30 years.
9. 10,000 dead people get stimulus checks, but the Social Security Administration blames a tough deadline.
10.




Comments