the nabobs in Washington worded the bill to indicate the funds, which were borrowed from abroad, would be used to create new jobs and stimulate the economic recovery.
But no sooner was the legislation passed than the wonders in Washington abused the program.
Go read the Corbin-McCain report which detailed the 100 worst cases of funds being wasted. 11 or 12 of those top 100 wasters were in NC.
The point is the legislation indicated funds would be used for one purpose. They have been used, in many instances, for items which are in no manner related to creating long term job growth and long term economic recovery.
The funds have been borrowed and spent. The results are not there. The Jobs Report for July, issued by the Feds, indicated there was a net loss of 131,000 jobs nationwide. After all the borrowing & spending, there was a net job loss of 131,000.
Even the Annointed One, in a speech last week, indicated changes are needed to achieve the 2 goals. But now, the bank account is empty and the credit cards are tapped out. The Asians and Saudis laugh when Hillary tries to peddle US debt & bonds now.
Do you get that messaage?
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