The burning question in all of this is how will the Congress structure this “plan”?? If Virginia has $1 Billion worth of supposedly “shovel ready” projects set to go, how will they repay this money if it is in the form of loans??
I do not see the Congress agreeing to just hand out cash to States under any circumstances, and especially not in the amounts that are being suggested. In addition, how do the taxpayers know if these projects are truly viable or not?? Normally these projects seek some sort of voter approval, sometimes at several steps along the way. In some cases you have other elected bodies such as City Councils, who meet, discuss and plan these projects long before any finding is approved.
I fear we are about to circumvent the many necessary project controls that have been developed and put into place over the years to help prevent public money from going to the wrong places. If this goes through, I’m convinced we’ll see fraud on a scale like never before. I can see officials rushing to spend this money as fast as they can so it doesn’t get taken away, and there will be little or no cost control or quality control along the way.
We could easily be looking at billions more in bailouts someday of all these new Federal Projects that DelanObama is proposing to fund...
I fear we are about to circumvent the many necessary project controls that have been developed and put into place over the years to help prevent public money from going to the wrong places. If this goes through, I’m convinced we’ll see fraud on a scale like never before. I can see officials rushing to spend this money as fast as they can so it doesn’t get taken away, and there will be little or no cost control or quality control along the way.
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Without any doubt. The crooks of the Congress, the Pelosi/Ried mob, do not give a damn about what you or I think about anything. It is all about power and control, and be damned with America, its citizens, the MONEY OF THE CITIZENS, or anything else that might resemble responsibility and oversight. Welcome of a Congress of radical liberalism that does not care one iota about the consequences of their actions....they have already proven that, as sure as they will dump billions into the BIG 3 to pay the unions back for their votes. Bank on it.