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Poor and Stupid

How big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good.

The Waste! The Scandal!

Posted on 09/10/2007 16:57:42 | Link | Post Comment
Now here's an important investigation into waste and profligacy in government. According to the AP:
The Bush administration spent at least $2.8 million traveling around the country promoting its plan to let many people divert a portion of their Social Security taxes into private retirement accounts, congressional investigators said Friday.

The Government Accountability Office, acting on a request from Rep. Henry Waxman, D-Calif., counted 228 different Social Security reform public speaking events by Bush administration officials in 2005. The departments participating ranged from the Labor Department to the Commerce Department to the Department of Housing and Urban Development.

No mention of how much it would have cost those same resources to do something else with the same hours. No mention of how much it cost GAO to produce its report. And no mention of the fact that every year we delay saving Social Security, the shortfall grows by $700 billion a year.

Update... Oh, and we almost forgot. AARP spent $25 million defeating reform in 2005.

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