Government Watchdogs Warn of Lack of Oversight For Trillions in President's New Spending Programs

Who really expected the government to change? ~~~~~~~~~~~ One certainly would not expect the government to do any better with healthcare?

And how about the science czar, just picked this up from Glen Beck:

"Do you know anything about your Science Czar? You are probably thinking -- how bad can he be? Not too bad, really -- just a few bumps in the road. Like supporting controlling the population by putting sterilants in the water supply, imposing baby limits and forced abortions. But other than that, this guy is just a peach. Better get to know your Czars, so you aren't too shocked when more crazy policies start popping up."

As an aerospace engineer I know that the 5 gallons per mile statistic is only when the aircraft, 747-200 AF1, is at cruise speed. The aircraft burns a lot of fuel taxiing and taking off, and while not in cruise. The 9,000 gallons is definitely an under-measurement. According to a flight planner for a 747-200 model with Air Force One Capacity would consume approximately 6309.8 gallons (42275 lb) of fuel for a ONE WAY TRIP from Andrews Air Force Base to Des Moines INTL. Hence total gallons consumed for the entire flight would be: 12,620 gallons of fuel.

FOR **ONE** WAY:
Andrews AFB/NAF -> Des Moines Intl
Distance: 800.0 nm
Estimated fuel burn: 6309.8 gal / 42275.5 lb
Estimated time en route: 1:34

What will be fun is when the big B. O. tax increases start in! Now he is only spending the money, lots of money. The next step will be the tax increase to pay it off, and then either or both Print more money and borrow more money. But the borrowing of money will cost a lot more in the Future. China instead of renewing their Treasury Bills are taking the money out and buying commodities, such as Copper. China has around $700 Billion of Treasury Bills. So what happens when China takes a significant amount of that money out of Treasury Bills and buy commodities? The Treasury will have to raise up the Interest Rates it pays to get people to buy the same T-Bills and print more money.

The Super-Inflation is coming, next year or perhaps the year after that!!! Enough to make Jimmy Carter’s inflation cycle seem mild by comparison.

My father taught me years ago, If someone ever runs up to you and says, "Give me a lot of money and don't ask what it's for, it's an EMERGENCY!", put your hand on your wallet and run, they are trying to rob you.

Smart Dad.

Let's just call Susan Roegren of CNN. She seems to be an expert on exactly where all this money is going and exactly whom it's benefiting.

The only thing about this that surprises me about all this is that people are actually surprised by it.
When are "we" going to learn that any time gov't (led by either party) tries to force something into law (down our throats) this quickly it is only so that there can't be any real oversight questions asked until it's too late.

And these are the people we want to put in charge or all of our healthcare? People rail about greedy incompetent Wall Street and CEO types. They have nothing on the government. And now the government thinks it can run all the businesses as well as our healthcare. What are we all smoking to even be entertaining such an idea. When will the American people wake up and get a brain?

TOTUS said he was going to spread the wealth...he just didn't point out that it was going to be spread out amongst those that supported him during the election and those who share his ideologies.

Those Comrades working for the welfare of the Masses shouldn't be begrudged some perqs for all they do and sacrifice for the Proletariat.

We said from the start the bailouts were a bad idea. Joe! Aren't you watching out for us. Obama promissed nothing gets passed you. Joe ? Joe ? Is anyone there ?

Amazing how he just threw all that money out there and had no care on how it was spent.

Guess it was more important for him to get a good grade in his first 100 days than it was to oversee billions of dollars going to the corrupt bankers.

And now we are giving out more foreign aide... like 500 million to Pakistan just so they can pay the Taliban to keep attacking US soldiers.

Thanks Obama.... give more to foreign countries that misuse the money, just like you misused our money.

Is the whole TARP plan a criminal enterprise? Sounds farfetched, I suppose. But after reading about Special Inspector General Neil Barofsky’s report, it may well be that TARP is just one big criminal problem.

Listen to this: Barofsky’s investigators reported Monday that they have opened 20 criminal probes into possible securities fraud, tax-law violations, insider-trading, and mortgage-modification fraud related to TARP....By the way, one of Barofsky’s recommendations is for Treasury to abandon its whole plan of buying toxic assets from banks and investors. The IG’s report also notes that what started last October as a single-purpose $750 billion effort to buy toxic securities has morphed into twelve separate programs that cover up to $3 trillion in direct spending, loans, and loan guarantees. In other words, TARP is nearly equal in size to the entire federal budget.
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What a mess.

Cut! Cut! Cut. Dangit people! This is supposed to be a cover up!! Didn't anyone read their lines?! Deception is your motivator! C'mon people we only have two months before we shut the auto makers down so let's try to get it right this time. Let's take it from "Transparencey again in three, two, one a-n-d ACTION!

CUT! CUT! Cut. Damnit people! This is supposed to be a cover-up!! Hasn't anyone read their lines?! C'mon now people! We only have two month before we shut the Auto makers down. Let's get it right this time. Deception is your motivation. Let's take it from "Transparency". Now roll in three, two, one...and ACTION!!

This is an ongoing problem in all levels of government. There are school districts, especially poor ones, that spend more money on compliance than they receive in aid. I don't know why compliance funding is never considered.

Obama...I did just like you did...I thought about a Bail Out for....well about 2 minutes, Now here is my idea, have the Mint start printing some extra Cash, let's give all Americans $250,000 each except politicians and Car makers, they can spend it in the economy, and all picks back up to normal. Well at least I know where the money is going with my plans....

if you have a problem with the stimulus money, then you need to talk with your local reps. the money is being disbursed to the states for allocation and oversight. i know in my state, they are still in budget meetings and working on the final decisions about the allocations for 2009-11 budget period. the budget is pending final approval by both the house and senate - they're working on some final details. information should be released in the next day or so, but assimilation will take probably take another week. you don't really need oversight when the funds haven't yet been allocated. the cart goes after the horse. really people. don't you pay attention to what's happening at a local level?

Obama Administration and Democrats in Congress make me want to puke..:(

When the President and Congress spend so much money so fast it's inevitable that there will be a lot of waste. Welcome to reality.

The Resolution Trust Corp did a reasonable job handling the S&L problems in the 80's. Why not resurrect something akin to it?

The real question is WHERE is the money that was allocated for the oversight. If memory serves, i believe every "line item" of expenditure also had an amount set aside explictly for this purpose.

AGAIN...

Where is Joe Biden??????

For all you lefty-loons who STILL are crapping on Palin, Where is Biden?

This was HIS job as given to him by the President!

Down goes Biden !
Down Goes Biden !