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January 27, 2013
Obama Continues To Violate Stimulus Law By Not Filing Quarterly Reports
Obama Continues To Violate Stimulus Law By Not Filing Quarterly Reports
Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately? In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved. Even in Washington, that’s not considered good bang for the buck.
Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.
Alas, that was the last report we’ve seen. Never mind that Section 1513 of the “stimulus” legislation, which Obama spearheaded and signed into law, requires the executive branch to submit a new report every three months. It reads:
“In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators.”
(The head of the Council of Economic Advisors, currently Alan Krueger, is appointed by the president, confirmed by the Senate, and works in the Executive Office of the President. He is the president’s chief economic adviser.)
Wild Thing's comment................
Besides being a socialist, communist, Obama is a screw up big time. I bet that is one of the reasons his school records have been kept secret from everyone. I doubt he had very good grades.
He also doesn't like our Constitution, he believes he is above our laws and his actions have proved this.
Posted by Wild Thing at January 27, 2013 01:50 AM
Comments
You must know have known that laws are for the people to follow, not the ruling elite like Obama.
Posted by: BobF at January 27, 2013 10:14 AM
obama is hell bent on spending us right into a deeper recession. He knows it is important to keep his spending as low profile as possible. He has plenty of help from the MSM and the Senate. The dollar is screwed. A lot of the world is now questioning whether to keep the US dollar as the world's reserve currency.
Posted by: TomR, armed in Texas at January 27, 2013 11:54 AM
...the dog ate his reports!!!
Posted by: Willy at January 28, 2013 11:09 AM
