Bush’s Legacy Of Squandering Taxpayer Money

[ProSense]

Bush’s Legacy Of Squandering Taxpayer Money

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Bush is demanding unprecedented control over billions of dollars — with no oversight. His history of mismanaging taxpayer dollars should make Americans skeptical of his buyout plan:

IRAQ RECONSTRUCTION

-$142 million wasted on reconstruction projects that were either terminated or canceled. (Special Inspector General for Iraq, 7/28/08)

-“Significant” amount of U.S. funds for Iraq funneled to Sunni and Shiite militias. (GAO Comptroller, 3/11/08)

-$180 million payed to construction company Bechtel for projects it never finished. (Federal audit, 7/25/07)

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KATRINA

-Millions wasted on four no-bid contracts, including paying $20 million for an unusable camp for evacuees. (Homeland Security Department Inspector General, 9/10/08)

-$2.4 billion in contracts doled out by FEMA that guaranteed profits for big companies. (Center for Public Integrity investigation, 6/25/07)

-An estimated $2 billion in fraud and waste — nearly 11 percent of the $19 billion spent by FEMA on Hurricanes Katrina and Rita as of mid-June. (New York Times tally, 6/27/06)

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DEFENSE CONTRACTS

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-$1.7 billion in excessive fees and waste paid by the Pentagon to the Interior Department to manage federal lands. (Defense Department and Interior Department Inspectors General audit, 12/25/06)

-$1 trillion unaccounted for by the Pentagon, including 56 airplanes, 32 tanks, and 36 Javelin missile command launch-units. (GAO, 5/18/03)

Given Bush’s history of gross fiscal mismanagement — including an unprecedented number of no-bid contracts and Bush’s resistance to closing fraud loopholes or increasing oversight of contracts — why should Americans trust another $700 billion to his care? Paul Krugman writes, “Let’s not be railroaded into accepting an enormously expensive plan that doesn’t seem to address the real problem.”

[ProSense]

1. No comment? n/t

[aint_no_life_nowhere]

2. Bush has squandered money and ripped off money his entire life

His father's money and the money of his father's friends, when the chimp tried his hand as a businessman. He ripped off Harken Energy's stockholders when he dealed in illegal insider trading. leaving others holding the bag. He ripped off the taxpayers of Arlington, Texas in seizing public land for his stadium for the Texas Rangers. I'll bet he continues doing this after he leaves office. It's not a pretty picture. With Bush's track record, this is not a person anyone should trust. That I believe is the point you're trying to make in the OP.

[ProSense]

3. Yup,

Bush has always been a loser.