June 19, 2006
"Bush is Spending Like A Drunken Sailor and the Tax Payers are Being Stuck with the Bill:" Rep. Waxman Issues Report on Contract Waste
A BUZZFLASH NEWS ALERT
Rep. Henry Waxman (D-CA) released the first comprehensive assessment of federal contracting under the Bush Administration today in the House Government Reform Committee. The 65-page report “Dollars, Not Sense” identifies the substantially high spending on contracts since 2000. Instead of shrinking government as promised, Bush has increased procurement spending by 86% to a whopping $377.5 billion annually.
In a statement to BuzzFlash.com, Waxman cited Bush’s “spending binges” for “an unprecedented level of waste, fraud, abuse, and mismanagement.” Contract spending continues to accelerate rapidly despite countless reports highlighting such corruption, which has cost taxpayers billions.
“The Bush Administration isn't learning from its mistakes - it's repeating them,” Waxman said. “Billions of dollars have been wasted through noncompetitive contracts, lack of planning, abuse of contract flexibilities, inadequate oversight, and corruption. Private contractors like Halliburton are making out like bandits while taxpayers are getting repeatedly gouged.”
Click here to read the report: http://www.democrats.reform.house.gov/story.asp?ID=1071
A BUZZFLASH NEWS ALERT