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 In Your (Bureaucrat's) Wallet?
(Why aren't you reading this at the new website?)

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The Office of Management and Budget has revoked the outrageous expansion of credit limits on the government-issued credit cards of 250,000 bureaucrats to $250,000 each, which could have potentially led to $62.5 billion of Katrina-inspired pork, fraud, waste and mismanagement.
Some cards in the past were used to pay for prostitutes, gambling activity, even breast implants, government audits have shown.

"To further strengthen the protections that we have put in place to guard against fraud and abuse, we are asking that agencies operate under pre-hurricane levels unless they can justify to us that there are exceptional circumstances," said Clay Johnson III, OMB's deputy director for management.
This was the Politics of the Warm Fuzzy Feeling stuck on stupid. Bravo to OMB for pulling the plug. (Hat tip to Government Bytes.)

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On a related note, the government also canceled the equally outrageous $2,000 debit card program for hurricane victims. Getting scarce supplies to Katrina victims was one thing, but unless all the ATMs were flooded, a shortage of cash was simply not the problem and debit cards were not the solution.
Posted by KipEsquire on 3 October 2005


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