Reuters has this to report about Afghanistan contracts: The United States has spent over $23 billion on reconstruction and development contracts in Afghanistan since 2002, and auditors say about $1 billion of this is waste, a U.S. senator said on Thursday.... McCaskill said the waste identified by auditors amounted to nearly one in six dollars spent on Afghan contracts so far. Right off the bat, I can see the numbers are wrong here. If a billion dollars is waste, and that waste amounts to "nearly one in six dollars," then the amount spent is nearly six billion dollars. Where does the $23 billion ...
Archive for December 18th, 2009
What Do I Know?
Friday, December 18th, 2009‘Tis the Season – For Spending!
Friday, December 18th, 2009Lots of last minute surprises from the jerks in D.C.: Obama signed a $1.1 trillion spending bill The House approved a $155 billion jobs bill: I guess the stimulus package wasn't enough to create jobs, so spend yourself further into debt, it's the American way! The House raised the debt ceiling by $290 billion to finance six more weeks of spending: A $12.1 trillion debt limit, really, how quaint! And $290 billion over six weeks? C'mon Big Daddy-O, that's not an allowance, it's a pittance! Well, that's $1.1 trillion spent, with another $445 billion, in just one day. Does anyone even notice anymore? Pelosi hasn't ...