When President Obama signed the trillion-dollar stimulus law in 2009, he proclaimed that he was “keeping the American dream alive in our time.” The stimulator-in-chief failed to mention that billions would be spent keeping American tax scammers afloat on our dime.
At a congressional hearing on Tuesday, federal auditors reported on the latest porkulus spending gone wild. According to a new General Accounting Office audit conducted over the past year, nearly 4,000 stimulus recipients received $24 billion in Recovery Act funds — while owing more than $750 million in unpaid corporate, payroll and other taxes. Among the tax-cheating federal contractors and grant winners who raked in stimulus bucks, the Senate Permanent Subcommittee on Investigations found:
– Two social services groups with nearly $3 million in unpaid taxes each received more than $1 million in stimulus awards.
May 25, 2011 | Categories: 2012 Election, America's Freedoms, Cloward and Piven Strategy, Congress, Constitutional Responsibilities, Corruption in Government, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Energy and Oil, Excessive Government Spending, Foreign Oil, Foreign Policy, Fuel Prices, Government, Government Regulations, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Debt, National Security, New Media News, Political Incompetence, Politics, Poll Numbers, POTUS Elibility Issue, Progressives pushing for Marxism/Socialism, Radical Liberal Progressive Left, Recovery, Redistribution of Wealth, Smaller Government, TEA Taxed Enough Already, Terrorism, The Economy, Undermining Constitution, UNION Corruption, Value of the Dollar, VOTER FRAUD | Tags: Cash for Tax Cheats, corruption, debt ceiling, delinquent tax debt, federal auditors, GAO, IRS, National Debt, Obama, Porkulus, Recovery Act Funds, tax cheats get stimulus, Tim Geithner, Treasury Secretary, trillion-dollar stimulus | 1 Comment »