The WasteWatcher
The WasteWatcherThe Fannie and Freddie Meltdown: Picking Up PACE
On September 6, 2008, the nation’s two largest housing government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac were taken under conservatorship by the U.S. Treasury.
The WasteWatcherFlood Insurance Still Soaks the Taxpayer
In early July, politicians in Washington, D.C. missed an opportunity to improve the failing National Flood Insurance Program (NFIP) when Congress passed another short-term reauthorization that expires on September 30, 2010. A second bite at the...
The WasteWatcherThe DISCLOSE Act: Free Speech for Some, Hefty Price for Others
The House of Representatives is currently embroiled in a battle overH.R.
The WasteWatcherPlaying Politics with The Anthrax Vaccine
The anthrax attacks of October, 2001 may seem like a distant memory to many Americans, but the incidents created widespread alarm, prompting a debate within the U.S. government over how to better protect the nation from the critical threat of...
The WasteWatcherCongress Spends Without a Budget
Deficits are soaring and spending continues unrestrained. Americans are infuriated at a government that does not appear to care about how much is being spent or even if the spending has any relation to the amount of revenue coming into the...
The WasteWatcherMaking Fiscal Sense in New Jersey
Politicians frequently stand on soapboxes and tell voters what they want to hear, but often fail to back their words up with action after they are elected. President Obama did this during the 2008 presidential race when he promised that people...
The WasteWatcherGovernment Acquisition Waste
When purchasing necessary items, the government buys from private businesses, both large and small. For contracts greater than $100,000, companies go through a convoluted and highly regulated bidding pro
The WasteWatcherCash for…Caulkers?
“Cash for Caulkers” sounds like a comical spin-off of the notorious “Cash for Clunkers” program. But on May 6, 2010, the House of Representatives made sure this was no joke, voting 246-161 in favor of H.R. 5019, the Home Star Energy Retrofit Act of...
The WasteWatcherThe Ongoing Farce of the “Emergency Supplementals”
As the House of Representatives rushed to finish legislative business in advance of the Memorial Day recess, the fate of the Fiscal Year (FY) 2010Supplemental Appropriations Bill was pushed off until lawmakers returnon June 8. The bill allocates $...
The WasteWatcherGM’s “Claims” of Repayment
During the economic crisis that unfolded over the last few years, the federal government became the lender of the last resort, not because it had any money, but because it had the ability to borrow money on behalf of the taxpayers to lend to...
The WasteWatcherThe Congressional Pig Book in Focus
April 14, 2010 was not just the day before tax day; it wasalso the day when hard-working taxpayers got the news that$16.5 billion of their taxeswas wasted on pork-barrel earmarks with the unveiling of Citizen Against Government Waste’s (CAGW) annual...
The WasteWatcherCAGW Tells FCC: We Refuse to Stay Neutral
On January 13, 2010, Citizens Against Government Waste (CAGW) filed comments urging the Federal Communications Commission (FCC) to tread lightly on the net neutrality issue and consider its significant impact on America’s flourishing broadband...
