It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Jeffrey Anderson at the Weekly Standard reports on another adventure in lawlessness from the Most Transparent Administration in History: the President is legally obligated to issue quarterly reports on the “success” of his “stimulus” program through September 2013… but since both success and stimulus belong in ironic quotes when describing this trillion-dollar boondoggle, Obama quietly stopped issuing the required reports after the second quarter of 2011.
Back when the reports were coming out, they began with boilerplate text boasting of the “stimulus” bill’s beautiful transparency: “As part of the unprecedented accountability and transparency provisions included in the American Recovery and Reinvestment Act of 2009 (ARRA), the Council of Economic Advisers (CEA) was charged with providing to Congress quarterly reports on the effects of the Recovery Act on overall economic activity, and on employment in particular.” But evidently that “unprecedented accountability and transparency” went out of fashion two years ahead of schedule, in defiance of clear legal requirements......
Obama stops issuing “stimulus” reports, as required by law
The massive economic stimulus package President Obama pushed through Congress last year is coming in on time and under budget - and with strikingly few claims of fraud or abuse - according to a White House report to be released Friday.
Coming barely a month before November's midterm elections, which will determine whether Democrats retain control of Congress, the report challenges public perceptions of the stimulus aid as slow-moving and wasteful - an image that has fueled voter anger with the dominant party. Even some former skeptics who predicted that the money would lead to rampant abuse now acknowledge that the program could serve as a model for improving efficiency in government. ....
Report gives stimulus package high marks
(Reuters) - The data collection and reporting from those who received money from the $787 billion U.S. stimulus plan is riddled with errors and inaccuracies, according to a federal audit of the report released on Thursday.
Since the report on where stimulus funding went and how many jobs it created or saved was posted at www.recovery.gov on October 30, news organizations have uncovered faulty data entry and misunderstandings that have raised suspicion about the quality of the numbers.
The Government Accountability Office had warned there would likely be mistakes in the mammoth undertaking. Its audit found that, despite training from federal agencies, many recipients were confused about how to count jobs....
Errors and inaccuracies in stimulus report: GAO
Tax cheats were given $1.4 billion in government-backed mortgage loans under President Obama’s economic stimulus, and the government doled out at least an additional $27 million in tax credits to delinquents who took the first-time-homebuyer tax break, according to a government audit released Wednesday.
Under government rules, delinquent taxpayers are supposed to be ineligible for the mortgage insurance program unless they have reached a repayment agreement with the Internal Revenue Service. But the Federal Housing Administration didn’t have the right controls to weed out bad applications, said the Government Accountability Office, Congress‘ chief investigative arm.
That meant FHA insured $1.4 billion in mortgages for 6,327 borrowers who collectively owed $77.6 million in unpaid taxes, or an average of more than $12,000 each......
Tax cheats got $1.4 billion in stimulus loans
At least 3,700 recipients of federal stimulus funds owe more than $750 million in federal taxes, according to a new study from the Government Accountability Office. ...........
GAO Report: 3,700 Stimulus Fund Recipients Owe Millions in Taxes
Originally posted by projectvxn
Why would the administration give his opposition fodder during a period where re-election is more important than governing?
It's like you just don't understand the Obama plan for America dude.
People like you demanding all of this "accountability" just don't live in reality.
The dude is the President. He owes no one an explanation. Let alone a report on a policy that could be used to beat his campaign into the dirt from now until election day.
Come to think of it...I think this makes you racist too....Yep.
Originally posted by spinalremain
Reply to post by projectvxn
I just thought I would add some facts about this not being exclusively an "Obama problem".
It's a US government problem
Posted Via ATS Mobile: m.abovetopsecret.com