Obama’s $1.3 Trillion Over-Borrowing Scandal
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The heat is certainly on Obama’s deficit spending fiasco; the government’s borrowing money to live far beyond its means, and everyone in charge knows the government will never be able to repay its debts.
While, Barney Frank and Chris Dodd are assuring everyone that everything will be ok.
In January 2009 when President Obama and members of his administration came into office, they saw USASpending.gov as a potential propaganda tool and the utility of the site became an open issue.
The heat is certainly on Obama’s deficit spending fiasco; the government’s borrowing money to live far beyond its means, and everyone in charge knows the government will never be able to repay its debts.
While, Barney Frank and Chris Dodd are assuring everyone that everything will be ok.
In January 2009 when President Obama and members of his administration came into office, they saw USASpending.gov as a potential propaganda tool and the utility of the site became an open issue.
Now, nearly five years after it was authorized, USASpending.gov is at the center of a growing scandal on Capitol Hill as questions are raised about $1.3 trillion of federal spending that doesn’t show up on the site.
The Sunlight Foundation’s John Wonderlich, who has led the effort to track down an explanation for the missing $1.3 trillion, testified this week before a House subcommittee.
Here’s the video of his response to a question from Rep. Cory Gardner, R-CO, and his explanation of the problem and the response he and his non-profit – which is one of Washington’s most effective advocates for greater transparency in government – have received from the Obama administration:
