It’s bad enough that we borrowed a trillion dollars from China to waste on a “stimulus” program that actually destroyed 595,000 jobs, but it turns out that we lavished $24 billion of the massively useless pork potpourri on tax criminals! How cool was that?
One construction company that won multiple awards of money under President Obama’s 2009 stimulus program was delinquent on its federal tax bill to the tune of $700,000, even as a company executive was blowing hundreds of thousands of dollars at casinos.
Yet another company failed to pay taxes, entered into a payment plan with the Internal Revenue Service, and then repeatedly defaulted on that agreement – and still won stimulus contracts worth more than $1 million, according to a Government Accountability Office report released Tuesday.
All told, government investigators found that during the period they examined, one out of every six stimulus contract or grant dollars went to a known tax cheat, according to Sen. Tom Coburn, an Oklahoma Republican who, along with several colleagues, requested the GAO review.
The review found that at least 3,700 stimulus recipients owed a total of more than $757 million in taxes, but were awarded $24 billion in stimulus money.
Read the report:
Report: Stimulus recipients owe $750 million in taxes
Companies that got stimulus money owe millions in back taxes
Stimulus contractors owe millions in back taxes
Stimulus Recipients Owe Back Taxes
Report: Stimulus Recipients Owe Hundreds Of Millions In Taxes
Stimulus money recipients owe billions in US taxes-GAO
GAO Report: 3,700 Stimulus Fund Recipients Owe Millions in Taxes
GAO Voices Concerns (Again) About Contracts, Grants Awarded to Delinquent Taxpayers
Senators: Tax delinquency issue larger than stimulus
Report: Tax dodgers pocketed $24B+
Now, you need to ask yourself, if the Obama administration was this incompetent that they gave $24 billion to known tax cheats, just how inept were they in frittering away the rest of the trillion dollars? If they couldn’t even catch the obvious gaming of the “stimulus” program, how much more undetected abuse and fraud is out there? I bet it totals in the hundreds of billions. And you, your children and grandchildren will get stuck paying for Obama’s “stimulus” folly, because we borrowed the trillion he wasted.
/Obama, putting the boon in boondoggle
Filed under: Blog Entry | Tagged: Agreement, Awarded, Awards, Barack Obama, Blowing, Casinos, Colleagues, Company, Company Executive, Construction Company, Contract, Defaulted, Delinquent, Dollars, Examined, Executive, Failed, Federal, Federal Tax Bill, Found, GAO, GAO Review, Government, Government Accountability Office, Government Investigators, Grant Dollars, Internal Revenue Service, Investigators, IRS, Money, Multiple, Multiple Awards, Obama Administration, Oklahoma, Oklahoma Republican, Owed, Pay, Payment Plan, Period, Recipients, Repeatedly, Report, Review, Stimulus, Stimulus Contract, Stimulus Money, Stimulus Program, Stimulus Recipients, Tax Bill, Tax Cheats, Taxes, Tom Coburn | Leave a Comment »