Last month’s column on taxes created quite a stir and prompted more feedback than any other column in recent memory. I thought I would follow that up with examples of how some of your money is being spent in foolish ways.
As business owners, we cut expenses when business is down. We don’t look for new ways to spend money we don’t have. But unfortunately — as we’ve come to expect — that thought process doesn’t work in Washington.
As a result, we voters need to ask: Do politicians really need more of our tax dollars or a lot less? Check out how the federal government is spending our money:
As the mid-term elections in September clearly showed, voters are fed up with these ridiculous expenditures and want them to stop. This is not a fringe element. In fact, there is even government-sponsored research to back us up: The U.S. Office of Management and Budget spent five years examining 98% of federal programs and found that about 20% of them failed to show any positive impact on the populations they serve.
These include programs that in total spend billions upon billions annually from the Dept. of Defense’s $5.878 billion for the Defense Advanced Technology Development Program to the Dept. of Education’s $1 million B.J. Stupak Olympic scholarship program. Where’s the accountability? (To see the 2008 government report, go to www.whitehouse.gov/omb/ expectmore/index.html.) Send me other examples of wasteful spending — the more ridiculous the better — and we’ll post the examples on our website for all to see.
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