Posted on 12/04/2009 5:47:08 AM PST by Sub-Driver
Spending Stimulus Funds 'Too Quickly' in Fiscal 2009 Would Have Led to ‘Fraud and Waste,’ Rep. Barney Frank Says Friday, December 04, 2009 By Edwin Mora
(Washington, D.C.) – House Financial Services Committee Chairman Barney Frank (D-Mass.), told CNSNews.com on Thursday that congressional Democrats and the White House knew that much of the spending in President Obama’s $787 billion stimulus package would not be spent in Fiscal Year 2009 because spending it “too quickly” during FY 2009 would have created “fraud and waste.”
Frank’s comments came in response to a question CNSNews.com posed during a short interview at the U.S. Capitol.
"President Obama stressed the urgency of enacting the $787-billion stimulus law in February because it was needed to create jobs. But the GAO now reports that 78 percent of the stimulus money had not been spent by the end of fiscal 2009," CNSNew.com asked Frank. "When you passed the stimulus in February, was it your understanding that the majority of the money would not be spent in fiscal 2009, or did the administration have problems in getting the money spent in a timely manner?"
Frank's answer was brief.
(Excerpt) Read more at cnsnews.com ...
Everything this guy does is geared towards creating a false sense of security and placating his base in 2011...
For this Frank moron to be commenting on “fraud and waste” is too much. Isn’t he the personification of fraud and waste?
Thank goodness we didn’t have any fraud and waste in the funds that WERE spent. /s/
< giggle> This from one of the king Fraud and Wasters, i.e., Fannie May, Freddie Mac, etc. etc. ad nauseum.
Uh oh. Obamacare is committed to making sure there is no fraud and waste. That means they’ll have to delay spending the money there, too. Get sick now, see your doctor in five years. That’s the ticket.
Politicians make me sick.
That is the truth, but not the whole truth. The complete statement would be: Spending Stimulus Funds is always ‘Fraud and Waste.'
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