TRACKING TAXES: Energy Budget Grows 183 Percent
Posted: Fri Oct 30, 2009 5:41 am
This is real nice...
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Tracking Your Taxes: Energy and Water Budget Grows Despite Recession.
By William La Jeunesse
FOXNews.com
Thursday, October 29, 2009
With the government $12 trillion in debt, you'd think lawmakers would watch every penny. But that is not the case in Washington.
A study by the Republican staff of the House Appropriations Committee shows the rate of spending growth from fiscal year 2007 to 2009 in some agencies more than doubled.
The highest, with a 183 percent increase, is the energy and water budget, which includes the Department of Energy and the Army Corps of Engineers. Its current budget provides $33.5 billion in total funding, which is $200 million -- or less than one percent -- over last year's level.
But this is in addition to the more than $58.7 billion provided for these programs in emergency spending this year, most of which was included in the "stimulus" legislation. Overall, these programs have benefited from an increase of more than 180 percent over the last two fiscal years.
"Shoveling billions of taxpayer dollars into the agencies in this bill -- essentially doubling the size of their budgets in under two years -- will undoubtedly prime the pump for government waste as these bureaucracies struggle to find ways to spend it," California Rep. Jerry Lewis, ranking member of the House Appropriations Committee, told Fox News.
"A black cloud of unsustainable government spending and debt is already over our nation, and this over-spending Energy and Water bill will only exacerbate the problem.
read more:
http://www.foxnews.com/politics/2009/10 ... latestnews
______________________________________
Tracking Your Taxes: Energy and Water Budget Grows Despite Recession.
By William La Jeunesse
FOXNews.com
Thursday, October 29, 2009
With the government $12 trillion in debt, you'd think lawmakers would watch every penny. But that is not the case in Washington.
A study by the Republican staff of the House Appropriations Committee shows the rate of spending growth from fiscal year 2007 to 2009 in some agencies more than doubled.
The highest, with a 183 percent increase, is the energy and water budget, which includes the Department of Energy and the Army Corps of Engineers. Its current budget provides $33.5 billion in total funding, which is $200 million -- or less than one percent -- over last year's level.
But this is in addition to the more than $58.7 billion provided for these programs in emergency spending this year, most of which was included in the "stimulus" legislation. Overall, these programs have benefited from an increase of more than 180 percent over the last two fiscal years.
"Shoveling billions of taxpayer dollars into the agencies in this bill -- essentially doubling the size of their budgets in under two years -- will undoubtedly prime the pump for government waste as these bureaucracies struggle to find ways to spend it," California Rep. Jerry Lewis, ranking member of the House Appropriations Committee, told Fox News.
"A black cloud of unsustainable government spending and debt is already over our nation, and this over-spending Energy and Water bill will only exacerbate the problem.
read more:
http://www.foxnews.com/politics/2009/10 ... latestnews