$55 Billion of Wasted Stimulus!

In The Washington Post, Dan Burton is quoted for his calculations on the total amount of stimulus money that is likely to be wasted by the government.

If 7 percent of the stimulus money is lost to waste -- the figure generally expected for government spending, according to  Rep. Dan Burton (R-Ind.) -- that would work out to $55 billion. In a congressional hearing yesterday, Burton observed to Devaney that given the outcry over AIG bonuses, that level of stimulus abuse would prompt the American people to "march on the Capitol."

Comments

[Andrew Westberg]

Keep the pressure on the wasteful spenders Dan! Good work so far.