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Opening Arguments

Recovery watc...oh, never mind

What? The federal government loses track of the money it dispenses? No one in Washington realized that? Must have been an, um, oversight:

Tracking the spending from the $787 billion economic stimulus package is proving difficult because of shortcomings in the available data, the chairman of the stimulus act oversight board said today.

“I am concerned about data quality,” said Earl Devaney, chairman of the Recovery Accountability and Transparency Board, during a House Oversight and Government Reform Committee hearing. “The federal government's systems have never been fully successful at producing timely and reliable data.”

Congress created the oversight board to monitor spending and help prevent fraud under the economic stimulus law. The board is responsible for developing the Recovery.gov Web site to collect data from federal, state and local agencies to show how the money is being spent.

Never, huh? No kidding. If you think you might get tired of hearing "I told you so" from me in the next few years, allow me to apologize in advance, because I don't think I'll get tired of saying it.


William Larsen
Mon, 03/23/2009 - 9:44pm

Leo, I think you know where I stood on the bailout. It was a bad idea from the beginning. The more I think about it, the more I think government is on one side of the teeter-taughter with us on the other side. We are no longer in control nor do we have anyway of impacting the outcome.