Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/15/2012 (3 years ago)

Catholic Online (

Money was not used to create jobs and spur small businesses, feds learn

Millions of dollars intended as stimulus money to aid small businesses, grow local economies and create jobs has since been discovered to have been misspent, wasted or defrauded. The $840 billion stimulus plan has been greatly compromised due to misuse, leading to increasing the federal deficit and national debt. Federal investigators now have 1,900 investigations in progress to see how that money was squandered.

The $11.1 million only identifies money that is considered lost to fraud and does not include funds still under investigation or those recommended for reimbursement after audits identified misspending, officials say.

The $11.1 million only identifies money that is considered lost to fraud and does not include funds still under investigation or those recommended for reimbursement after audits identified misspending, officials say.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

10/15/2012 (3 years ago)

Published in Politics & Policy

Keywords: Stimulus programs, squandered, federalinvestigators, Energy programs

LOS ANGELES, CA (Catholic Online) - Government watchdogs have already secured nearly 600 convictions and judgments against people and companies accused of misusing stimulus funds.

More than three years after the American Recovery and Reinvestment Act was passed by Congress, the chief question now is how the money was managed early in the program. The investigations are certain to extend well into the next year as many the investigations reach their conclusion.

The total amount of money lost to fraud from the $840 billion stimulus program has been a paltry $11.1 million thus far. Vice President Joe Biden made reference to the figure as he defended the stimulus program from attacks from Republican Rep. Paul Ryan during the vice presidential debate last week.

The $11.1 million only identifies money that is considered lost to fraud and does not include funds still under investigation or those recommended for reimbursement after audits identified misspending, officials say.

A senior official familiar with the ongoing investigations by inspector's generals at federal agencies told newspaper reporters that he expects that dollar amount only to grow larger.

"These cases often take months or years, and we've got hundreds open right now across the government so that number is going to go up, probably by a large amount over the next 18 months," the official said, speaking only on condition of anonymity.

Several inspectors' generals have announced new convictions, prosecutions or audits, a sign that some of the investigations are growing closer to conclusions and judgments.

Some examples on how stimulus dollars were squandered for personal gain include:

The Energy Department inspector general reported last week it discovered the California energy commission collected two duplicate payments under a stimulus program that costs taxpayers $678,000. Investigators suggested that the money should be repaid.

In addition, a Louisiana group that received stimulus funds for Head Start programs for children had inappropriately spent nearly $1.2 million in federal funds to construct a new building that wasn't approved by federal officials.

The Energy Department inspector general also warns in its most recent semiannual report that the Western Area Power Administration, which received $3.25 billion in borrowing authority to help build transmission lines under the stimulus law, is at risk of losing significant money on a transmission project for wind power in Montana that it funded.


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Politics & Policy

'We cannot succumb to fear': U.S. joins France in fight against ISIS Watch

Image of U.S. President Barack obama has decided to join forces with France in eliminating ISIS.


Following a meeting with French President Fran├žois Hollande, United States President Barack Obama has proclaimed "total solidarity" with France. LOS ANGELES, CA (Catholic Online) - President Obama believes the declaration of solidarity, alongside his trip to Paris for ... continue reading

U.S. throws doors open to Syrian refugees - despite identity of Paris terrorist suspect as disguised refugee Watch

Image of It's not yet known how many more additional refugees the U.S. may take in beyond the originally state 10,000. Two senior administration officials say they are seeking ways to take in even more.


Even after it was learned that a key terrorist in the recent attacks in Paris, 25-year-old Ahmed Almuhamed, snuck into France after he was rescued from a sinking shop off the coast of Greece posing as a Syrian refugee, the Obama administration continues to ... continue reading

Supreme Court to hear arguments over Texas abortion clinic ruling Watch

Image of Lawmakers have put major restrictions of abortion since 2010, but none as far-reaching and strict as Texas' HB2.


A measure passed in the State of Texas, HB2 in 2013 has led to the closure of half of that state's abortion clinics. Now, the Supreme Court will hear arguments over the Texas law that has been among the most crucial in the ongoing national dialogue regarding ... continue reading

PUT TERRORISTS IN COLORADO? Law enforcement officials question Guantanamo Bay closure Watch

Image of Obama's Defense Secretary recently said that around half of the remaining 112 prisoners at Gitmo must be locked up


United States President Barack Obama has long promised to close Guantanamo Bay, a holding facility for suspected terrorists at a U.S. naval facility in Cuba. The question, as posed by dozens of law enforcement officials in a letter to the president . where do ... continue reading

What has the United States Government done with $5.9 billion? Watch

Image of American taxpayers gave the United States government $5.9 billion in foreign military financing last how was it distributed?


Each year Americans complain about paying taxes, much of which is distributed to foreign military aid. So where have all the funds gone? LOS ANGELES, CA (Catholic Online) - According to the United States government's Foreign Assistance report, $5.9 billion was directed ... continue reading

You won't believe how Trump and Carson have become a disrupting force in the Republican Party! Watch

Image of Donald Trump and Ben Carson's popularity has other Republican presidential candidates sweating.


Republican presidential hopefuls Ben Carson and Donald Trump have disrupted Republican politicians and have many questioning where the United States is headed should either become the next American President. LOS ANGELES, CA (Catholic Online) - Members of the ... continue reading

Fourth Presidential debate asks the hard questions Watch

Image of The Fourth Republican Debate gave presidential candidates several opportunities to shine -but who took advantage of the spotlight?

By Kenya Sinclair (California Network)

The fourth Republican presidential debate took place at the Milwaukee Theater Tuesday night. Candidates were asked the big questions ranging from how they felt about protester demands for a $15 minimum wage to the deportation of 11 million illegal immigrants in the ... continue reading

Court halts Obama's executive orders with Obama's own words! What were they? Watch

Image of Obama's own words were used to stop him from changing the law as he pleased.

By David Drudge (California Network)

A federal appeals court has used Obama's own words to halt his growing use of executive orders that allow him to rule by edict. Their decision specifically halts his edict that shields 5 million illegal immigrants from imminent deportation and that he does not have the ... continue reading

Social Security administration hits unbelievably new record in spending - You won't believe the numbers! Watch

Image of This latest figure represents a substantial increase from the $910,394,720,000 the Social Security Administration spent in fiscal 2014.


Hitting a record $944,143,000,000 in fiscal 2015, the Social Security Administration reached an all-time in spending. The inclusive payments for this bureau include payments for Social Security and disability benefits in addition to Supplemental Security Income ... continue reading

Obama's executive order gets blocked and why that's a disaster for thousands of Catholic families Watch

Image of President Barack Obama's plan to protect millions of undocumented immigrants falls flat.


On Monday night, the 5th Circuit Court of Appeals found that a lower court did not "abuse its discretion" when it claimed President Barack Obama's controversial executive actions on immigration were unlawful. LOS ANGELES, CA (Catholic Online) - Obama's executive ... continue reading

All Politics & Policy News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Prayer For Courage HD Video
  • How to balance compassion with security concerns with influx of ...
  • Daily Readings for Thursday, November 26, 2015
  • St. John Berchmans: Saint of the Day for Thursday, November 26, 2015
  • UPDATE: Did the U.S. military actually know they were bombing the ...
  • BIGGER THAN ISIS - There's a hidden power behind ISIS and it's so big ...
  • The Miracle Prayer HD Video

Daily Readings

Reading 1, Daniel 5:1-6, 13-14, 16-17, 23-28
1 King Belshazzar gave a great banquet for his noblemen, a thousand of ... Read More

Psalm, Daniel 3:62, 63, 64, 65, 66, 67
62 Bless the Lord, sun and moon, praise and glorify him for ... Read More

Gospel, Luke 21:12-19
12 'But before all this happens, you will be seized and persecuted; you ... Read More

Saint of the Day

Saint of the Day for November 25th, 2015 Image

St. Catherine of Alexandria
November 25: St. Catherine of Alexandria, Virgin and Martyr ... Read More