It seems like every day I read about how government wastes money so I thought I would record them. Since I began this blog, I have been stunned by the amount of waste, fraud, and mismanagement I have found. I recognize that some government is necessary for any society to exist but without the "profit incentive" that we have in private enterprise, government continues to grow like a cancer and along with it the potential for abuse. If you ever needed a reason to limit government, just read some of the following posts.

Saturday, May 5, 2012

Bailout Losses

The latest inspector general report says total bailout losses so far equal about $133 billion with about 19 percent of that loss coming from the automotive industry.  Over time, some of that money may be recouped, but total losses are expected to be from $50 billion to $75 billion, and they could be higher. The total bailout cost for automakers to taxpayers is expected to be about $25 billion. Since 1990 the UAW has given $27,371,075 to Democrat candidates and $184,500 to Republicans according to the database Opensecrets.org.
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