The White House has issued a report stating that the stimulus spending, so far, has occurred on time and under budget, with fewer claims of outright fraud and abuse than some people expected. The report also argues that the stimulus spending has been an economic success story.
There is no need to comment on the latter point, because the economic statistics and the common experiences of average Americans tell the tale. What I find humorous about this latest report is the suggestion that we should be grateful that the process of spending hundreds of billions of dollars was “relatively free” of claims of outright fraud. Well, thank goodness! We’ve managed to avoid rampant criminal behavior! Should that really be the standard by which we judge the effectiveness of a federal spending spree that has contributed mightily to enormous budget deficits and a sickening rise in our national debt?