The Unbridled Idiocy of Government Spending

Pages: 1 2

Uncle Sam is spending a lot of your tax dollars on programs that do the exact same thing as other federal programs, and you are paying the tab, a shocking new report shows.

According to a report by the watchdog Government Accounting Office (GAO), Uncle Sam hosts 47 job-training programs, 44 of which do the same things. The federal government also runs 80 programs for what it calls the “transportation disadvantaged.” Count ‘em: 80 — paid for by your tax dollars.

The report cites a total of 82 other programs spread across 10 separate agencies that are supposed to improve what it calls “teacher quality” — something of concern to local school districts and not Uncle Sam. It’s a classic example of the left hand not being aware of what the right hand is doing, and it’s costing us, the taxpayers, untold billions of our tax dollars.

I agree with penny-wise Republican Rep. Eric Cantor, R-Va., who was outraged by the scandals uncovered in the report and has vowed “to get our fiscal house in order’ saying “Now again, we have said enough is enough ….”

An equally outraged Oklahoma GOP senator, Tom Coburn, said the report “confirms what most Americans assume about their government. We are spending trillions of dollars every year and nobody knows what we are doing. The executive branch doesn’t know. The congressional branch doesn’t know. Nobody knows.”

The GAO report was mandated by Congress the last time it raised the debt limit in January 2010. Coburn said the report makes lawmakers look like “jackasses.”

“We don’t know what we’re doing,” Coburn said.

It’s about time they knew. This is the money we earned by the sweat of our brow and they’re squandering it as if it were their money, not yours and mine.

Pages: 1 2

  • RiverFred

    There should be an IQ test to run for office as most lack common sense. The latest discovery is that we are spending millions in taxpayer monies to refurbish Mosques around the world. The vast majority of these mosques are led by radical imams who preach death to America. How do you like Obozo's 'change.'

  • Abigail

    I hate Obozo's "change"! He is not even eligible to be president, and he's being allowed to stay in office by all the gutless wonders in Washington who are afraid to even mention the word, "eligibility" in connection with him. 'Just think, if we could get Obama declared ineligible, we would instantly be rid of everything he has done in office.

  • USMCSniper

    Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the government welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created worthless paper reserves in the form of government bonds which-through a complex series of steps-the banks accept in place of real tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now a massively more claims outstanding than real assets.