More Fuzzy Math, More Smoke and Mirrors
January 13, 2010
Has anything come from this administration that wasn’t a total fraud? As Americans and voters, we must become energized and vote these nare-do-wells from office in November. It very well could be our last shot at saving the American way of life. When has a president surrounded himself with such an outrageous group of socialists, and Marxists? It’s time for a new congress and one that refuses to abrogate congressional responsibility, to that of unelected Czars and street thugs Obama had selected. Random thoughts while observing the passing parade, J.C.
The Office of Management and Budget has calculated jobs that are “saved or created” by the Recovery Act through non-existent congressional districts, phantom ZIP codes, and questionable accounting practices. To remedy these problems (and in a perfectly-timed response to bad press) the OMB has decided to re-calculate “saved or created” jobs to include those that exist independent of any Recovery Act money in the first place.
In other words, the OMB has made their accounting on a $787 billion expenditure of taxpayer money completely meaningless.
OMB director Peter Orzag says the new approach provides a way for recipients to skip over making any kind of “subjective judgment” on how many jobs were saved or created by their receipt of Recovery Act money. In lieu of actual judgment, the OMB will automatically assume a job has been saved or created after a business gets its hands on Recovery Act money.
“Recipients will no longer be required to sum various data on hours worked across multiple quarters of data when calculating job estimates… recipients will more easily and objectively report on jobs funded with Recovery Act dollars,” said Orzag.
In other words, if a business receives $40,000 in Recovery Act dollars, a job is automatically tallied in the OMB ticker, regardless of whether that $40,000 went towards the actual salary of an employee or fancy office furniture. Businesses won’t even have to fudge the books to use the federal money towards things like catered lunches – non-salary expenses now qualify as a legitimate use of Recovery Act dollars. Complete Story:
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