I wonder how big of a wall you can build for $561 billion?
The federal government spends money not just like drunken sailors, but an entire navy on crack. And it does so with spending gimmicks that would shame a mafia accountant. As a result much of the money is unreal in one way or another.
The Biden administration revamped Obama’s old ‘infrastructure’ spending nonsense and demanded a lot of money for things that never actually got done.
A $42 billion expansion of broadband internet service has yet to connect a single household.
Bureaucratic haggling, equipment shortages and logistical challenges mean a $7.5 billion effort to install electric vehicle chargers from coast to coast has so far yielded just 47 stations in 15 states.
Republicans say they intend to scrutinize much of Biden’s spending with an eye toward clawing it back, including dollars going out the door in Biden’s remaining weeks such as financing to the EV maker Rivian. Tax credits for electric vehicles could be eliminated.
Some of these things were never really meant to be built. They were corrupt special interest giveaways to the politically connected or grandiose projects with no viable plan for actually making them happen. And the upshot is there’s a whole lot of cash that’s been apportioned but not spent despite desperate last-minute efforts by the White House mob.
In all, Congress provided $1.1 trillion for Biden’s big climate, clean energy and infrastructure programs. More than half of that spending — at least $561 billion — has yet to be obligated or is not yet available for agencies to spend,
I repeat. I wonder how big of a wall you can build for $561 billion?
Article posted with permission from Daniel Greenfield
