A Stitch in Haste

A Stitch in Time Saves Nine...But Haste Makes Waste

A collection of real-world libertarian, individualist and laissez-faire rants on law, economics, politics, culture and other current events
by an average, everyday lawyer & investment banker and part-time pop scholar.

What's 250,000 Squared?
(Why aren't you reading this at the new website?)

---
We may soon find out:
Lawmakers and watchdog groups worry that allowing federal employees to charge up to $250,000 on their government-issued credit cards for Hurricane Katrina-related expenses will lead to a repeat of past abuses.

Some of the cards in the past were used to pay for prostitutes, gambling activity, even breast implants, government audits have shown.
...
About 250,000 federal employees have government credit cards, which typically have a purchase limit of $2,500. At the request of the Bush administration, Congress increased the credit line to $250,000 as part of a massive Katrina recovery bill approved last week. The aim is to make it easier to speed aid to victims.

Senate Finance Committee Chairman Charles Grassley, R-Iowa, said the "outrageous increase" was "slipped" into the bill. He is seeking to insert language in a Katrina health bill that would reduce the limit in most cases to $50,000.
My first question is: What's $250,000 per bureaucrat times 250,000 bureaucrats?

My second question is: Should there really be 250,000 federal employees with government credit cards under any circumstances?

My third question is: How exactly does it help Katrina victims to have so many bureaucrats have so much credit at their disposal? Are they all personally going to the local Wal-Marts to buy diapers for the families?

My fourth question is: Where is all this money is going to come from, given that, according to senior congressional tax-and-spend Republican Tom DeLay, "there is simply no fat left to cut in the federal budget"?

POST SCRIPT: The answer to the first question is $62.5 billion. Hope you have your credit card handy when the tax bill comes due.
Posted by KipEsquire on 15 September 2005


To comment on this post, please visit the new blogsite.