Rules should be enforced for stimulus spending
The federal government must apply the following crucial restrictions, when relevant, for business stimulus money that is given to each state:
Justification for the use of this money must be provided.
The money can only be used in that state.
Contracts let must be to contractors from that state.
The state must ensure that the contractor:
a) hires unemployed workers from that state;
b) hires workers who are American citizens;
c) provides the hired workers with a fair wage.
Also, management salaries, including the CEO’s, must not exceed a reasonable amount.
Accountability must be made to the federal government every three months by the state.
County and city governments that receive business stimulus money must adhere to the same restrictions — replace the word “state” with county or city.
Accountability for this money must be made to the state government every two months.
Without accountability, it will be like throwing money to the wind.
William Joseph Colozzi
McLeansville
Comments (5)
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sounds reasonable
Posted on February 2, 2009 6:12 AM
And who in the federal government will enforce these 'crucial restrictions', Mr. Colozzi...the growing number of tax cheats that make up 'the most ethical and transparent administration in history'?
Posted on February 2, 2009 6:53 AM
Tax cheats? Like Tim Geithner who didn't pay $43K in taxes? He's so last week. Now it's Tom Daschle, nominee for DHHS. He makes Geithner look like small fish, as Daschle didn't pay $128K in taxes.
http://www.latimes.com/news/nationworld/washingtondc/la-na-daschle31-2009jan31,0,1820227.story
"But a spokeswoman for the former Senate majority leader and close Obama ally stressed Friday evening that the tax errors were the result of simple mistakes that Daschle had worked in good faith to correct."
We've heard that tune before. $128K is a simple mistake?
So we have a tax cheat in charge of the IRS and perhaps another tax cheat in charge of health care. If Obama wants any credibility he should withdraw Daschle's appointment.
And here Mr. Colozzi expects some transparency on the state and local level. Don't hold your breath.
Posted on February 2, 2009 8:11 AM
Mr colozzi, I wish you luck, but it ain't gonna' happen.
I think you unknowingly inserted the magic words:
"when relevant" and
"must not exceed a reasonable amount."
lastly the kicker:
"Without accountability, it will be like throwing money to the wind."
That about sums up the pork bill passed by the house and now before the senate.
Posted on February 2, 2009 9:57 AM
why not be like any other VC and demand inordinate control for capital?
amazing how the capitalists become socialists with their palms open when they need a bailout
any company receiving bailout money should be required to fire its management team without compensation, they should be required to repay all bonuses received (ever), and federally appointed agents should assume control of the accounting department.
republicans are whining about bailout when the money is not flowing directly to their operatives in business. i mean, they actually proposed "no accountability and no questions about where the money is spent." their tune seems to have change a li'l bit.
Posted on February 2, 2009 3:25 PM