Posted on 07/09/2009 3:35:59 PM PDT by JOAT
This anecdotal and no, I won't disclose the company involved for reasons you should be able to divine. I work for a fortune 500 defense contractor. In the last few weeks, some of our larger programs have been informed that our funding will be 'de-obligated' and replaced with stimulus funds. Today I was informed that I must account for all dollars in play and come up with a plan to convert everything over to stimu-dollars.
The company management has been informed that we will be required to go to the Federal Register and report that all the people currently working on these programs (5-10 years running) will now be classified as 'new' jobs 'created' by stimulus funding...or else.
'Or else what?' you may ask. Or else no new government contracts, plus the current ones may be stopped, that's what.
Considering this would mean thousands of people instantly unemployed, and management bonus and salaries evaporating, I think you can guess the answer our management gave to these Chicago-style thugs.
Please understand that these programs were already fully funded by various agencies for many more years. The government is taking that funding away, switching it out with freshly minted stimu-dollars and falsely claiming that new jobs were created.
Okay fine. Cook the books and lie about how many jobs the stimulus created, but this begs the question - where did the 'de-obligated' money go? You know, the original millions of dollars we already had won and were under contract for?
Inquiring minds want to know.
Even if the stimulus “created jobs”, they would be jobs provided for by the public sector, meaning they would add nothing to our productive economy and would not increase our standard of living (relative to the funds having been used by the private sector). In other words the jobs created from the “stimulus” package drain resources and hurt overall economic progress.
How's that HOPE and CHANGE thingy working out?
Well I declare, I’m shocked I tell ya, just shocked...
bookmark
ping for later. Sneaky bat-turds
It is 'out there' by virtue of me posting it, and it is very widespread and easily verifiable to any investigative journalist.
It is much wider than simply my company or industry.
Feel free to tag Mr Tapper or anyone else you may wish to alert.
ping to top
Looting of the US Treasury, bookmark.
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