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Reason for the $11 trillion debt

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Apr 15, 2009 2:10 pm

Saw this, thought it might be interesting…the 2009 Pig Book. 

One of my favorites:

  102,800,000 for 27 projects by House Defense Appropriations Subcommittee Chairman John Murtha (D-Pa.), including $24,500,000 for the National Drug Intelligence Center (NDIC).  Last year, Rep. Murtha earmarked $23,000,000 for the NDIC, which is administered by the Department of Justice (DOJ).  However, the DOJ has asked Congress to shut the NDIC down because its operations are duplicative.  In addition, prior to the center’s opening in August of 1993, the GAO stated it was a waste of money and redundant of efforts to combat drugs in Washington as well as a center on the Mexican border.  In November 2008, FBI agents raided the offices of the PMA Group, a lobbying firm with close ties to Rep. Murtha.  Founded by Paul Magliochetti, a former appropriations staffer for Rep. Murtha, PMA specializes in directing defense earmarks to its clients, many of which have been requested by the Pennsylvania Democrat.  PMA is the second lobbying firm with close ties to Rep. Murtha to be raided in recent months; in January 2009, agents from the FBI, Defense Criminal Investigative Service, and Internal Revenue Service raided the offices of Kuchera Industries and Kuchera Defense Systems.  According to a January 23, 2009 Politico article, Kuchera and its employees have donated more than $65,000 to Rep. Murtha’s election campaign and political action committee. -----------------------------------------------------------------   Incidentally, why is it that we have to take numerous exams and lots of training to handle individuals money, with strict legal and ethical guidelines, yet these morons with little to no financial training manage a multi-trillion dollar budget. A good read through the Pig Book is enough to raise my blood pressure to dangerous levels.   And what is the deal with that guy from Hawaii? What the hell!