November 19 2013
When the history of the Obama administration comes to be written, certainly historians will have a hard time fathoming the sheer waste of money.
The Obama administration has spent our money as if money were easy to come by—which it is, if you have taxing power.
Taxpayers who sent the money to Washington to be wasted had to work considerably harder to get it.
Much of this profligacy went for projects that failed. This is money, taken out of people’s pockets, that we’ll never get back, money that will never be put to productive use. It is money that has been spent on bridges to nowhere or psych tests for monkeys on cocaine.
Remember when we thought pouring half billion taxpayer dollars down the rat hole of bankrupt solar panel company was extravagant?
That was child's play. But this is real spending:
The Obama administration gave states roughly $4.4 billion in taxpayer dollars to set up their own ObamaCare websites, according to a new analysis, in the latest revelation about the faucet of federal spending switched on by the 2010 passage of the health care law.
While Ace of Spades calls the $4 billion “just another Obama slush fund,” Jim Geraghty breaks down the numbers for his indispensable morning email:
Oregon received $245 million in state grant money, but its problematic site has yet to enroll customers.
Think about it: You and I could have given them the same results for nothing.
Delaware, with its 97 enrollees, cost federal taxpayers $12.9 million.
The District of Columbia, with 565 enrollees, cost $133 million.
Hawaii, with 257 enrollees, cost $205 million.
These statewide expenditures are in addition to the money devoted to the dysfunctional HealthCare.gov. Estimates for that fiasco range from $350 million to more than half a billion.
What happens to a nation that spends money like this?