I want the government to increase my taxes to help those in need. Or to get flushed down the drain in government waste. This is an annual report put together by Senator Coburn detailing wasteful spending at its finest. This is just the tip of the iceberg. Before one single cent is taken from a hardworking American, this bullshit waste needs to be eliminated.
Read it and weep.
| +71 | Ukraine, geopolitics, midterms | 29 | 1d |
| +52 | Press Secretary had shortest stint EVER | 25 | 4h |
| +25 | What do you think of tiktoker Jinginvests | 12 | 4h |
| +17 | Bankers with reptiles | 8 | 2d |
| +7 | Being able to DnD is God Mode | 7 | 16h |
| +4 | Going to work with Helicopter | 3 | 7h |
| +3 | Delete delete | 1 | 6d |
| +3 | Coworkers who try to change management, fail, but are ultimately correct? | 3 | 7h |
| 0 | Which IB Target School Has the Hottest Girls? | 3 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
That whole list is less than USD 250 million. The price of mid-sized building in Queens.
If this is the only "profligate" spending in a USD 3.7 trillion or so budget then you should be celebrating not weeping.
"As much as $1 billion or more in tax credits for energy efficient residential improvements are being claimed by individuals with no record of owning a home, including prisoners and underage children."
Read through the report, I think the first list is just to showcase the exceptionally absurd. More than a few with pretty hefty sums deserve a "How in the hell did you spend that much?", while others clearly merit a more concise, yet equally emphatic, "What the shit?".
This is just some of the most ludicrous wasteful spending, not the entirety.
Yes, the number is higher than the $250 MM I quoted (I had only added the ones mentioned in the table of contents). It's still not going to move the needle much considering the size of the government and economy.
Having said that, there is quite a bit of fat in there and I suppose if you put financial pressure on the gov't some of these would get scrapped.
Having gone through the list, I'd be more concerned about the potential level of fraud that these items imply rather than just the absolute numbers involved. It's not as bad as many countries overseas, but I would have expected people to go to court for some of these items.
Coburn is the best. I honestly would love for him to run for President someday.
Nice, thanks for the info!!
Adipisci occaecati sit aspernatur et culpa deserunt non. Ut aliquid tenetur perspiciatis aperiam necessitatibus voluptatem fuga. Voluptatem ab fugiat ut libero est explicabo veniam. Dolorem quos quia eos rerum.
Vel voluptatem nesciunt deleniti aperiam accusantium doloremque. Eveniet neque incidunt molestias sint quia et. Modi asperiores est praesentium ut est voluptatibus. Corrupti est dolore ea sint tempore. Dolorem libero velit unde placeat. Modi iste eos modi expedita et. Modi sunt corrupti quia veniam laborum aut doloremque aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...