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 (summary and full report pdf here) 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: [...] go read the rest
The Snooper Report
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