Wednesday, August 6, 2014

Trickle Up

As of close of business on July 31, 2014, our debt has risen to $17,618,599,653,160.19. That crippling level of debt is itself astonishing but what is equally astonishing is that $7 trillion of that debt has been added in just the five and a half years of the Obama Administration. That $7 trillion is more than the debt accumulated from George Washington through Bill Clinton combined.

  Jonathan Turley
[A] recent report showed that the level of waste in rebuilding Afghanistan alone is far greater than previously thought. John Sopko, the inspector general charged with monitoring aid sent by the U.S. to Afghanistan, found billions of dollars more wasted in Afghanistan. One small example are two $40.5 million C-130 transport planes that the U.S. government gave the Afghan Air Force even though it cannot use the planes. Such moronic forms of waste result in a shocking finding that of $10.6 billion in funding review, nearly $7 billion was potentially wasted.

  Jonathan Turley
I doubt we can lay all that spending at Obama’s feet, but I’m willing to give him a share of the credit. What defense contractor got that $90 million for the planes? And how much money did that contractor contribute to which political coffers? Funneling our tax dollars into the pockets of some already obscenely wealthy corporations.

 ...but hey, do what you want...you will anyway.

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