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Sep. 15, 2014

So Much for Tracking Stimulus Spending

Among his first acts as president in 2009, Barack Obama pushed the so-called “stimulus” – $800 billion in new spending to reinvigorate the economy after the recession. Predictably, it failed to do what he promised. But it did set a new, higher baseline for federal spending and jack up the federal debt. In selling his snake oil, Obama promised “unprecedented measures that will allow the American people to hold my administration accountable,” including Recovery.gov, a website meant for tracking spending. Now, however, The Washington Post reports, “[B]y the end of the month, the ability to see which entities received contracts and grants through the American Recovery and Reinvestment Act is going to vanish from Recovery.gov, officials say, making it impossible to track where the more than $800 billion ended up.” That’s because the government “is not renewing its license with Dun & Bradstreet, a major U.S. financial firm that assigns an identification number to all entities doing business with the federal government. When the license expires at the end of this month, those identification numbers – and other associated data – will no longer be available to the government. No numbers, no way to track the money.” It’s just the price of Hope ‘n’ Change™. More…

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