Show Them the Money

From Scout:

OK this isn’t surprising…

WASHINGTON (AP) — The government is at risk of squandering significantly more money in a Gulf Coast rebuilding effort that has already wasted hundreds of millions of taxpayer dollars, federal investigators said Wednesday.

Prosecutors and inspectors general from five agencies addressed a House subcommittee on Katrina rebuilding and pledged stronger oversight to combat waste. They cautioned that some of the biggest fraud may be yet to come as some of the larger government contracts are awarded.

But at the end of the article is this which probably would surprise Americans….

In the months since the Aug. 29 storm, the government has appropriated some $85 billion for Katrina rebuilding, and the Senate last week approved an additional $28 billion. Of the $85 billion, agencies have awarded about 6,665 contracts worth $9.7 billion.

Almost 9 months and only about a 10th of the money has gone out? And read this or this on why $85 billion isn’t Really $85 billion anyway.