When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, April 24, 2012

The Party Is Over? Really?

The government agency throwing $1m parties as the US tightens its belt - Telegraph: "While everyday Americans are forced to contend with sky high unemployment and a moribund economy, one US government department has found the austerity diet altogether more fattening. The General Services Administration – the agency charged with maintaining buildings and buying supplies for the US government – is facing a backlash that is gripping the country. As Congress prepares to face the headache of spending reductions and the expiry of tax cuts early next year, politicians are letting out their frustrations on the GSA and its luxurious habits. At the centre of the furore is a four-day conference GSA hosted for 300 of its staff at a luxury Las Vegas hotel. Employees were allegedly entertained by clowns, comics and mind-readers and fed fine food in a blow-out event that cost almost $1m (£623,000). The revelations – revealed in a report by a US watchdog tasked with controlling government spending and involving business suppliers that could also come under the spotlight – have provoked apoplexy. “The party is over,” thundered California Senator Barbara Boxer at one of four hearings Congress held this week into the GSA’s spending."

Really--"the party is over?"  A little late don't you think?  After all  the Obama administration knew of this malfeasance a year ago and did nothing.


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects