This post will be dryer than most. It is about numbers. Numbers of zeros in the amounts of money our government can waste in a New York Minute. Not so long ago, we talked about Congress’s money spent by the Billions. We now speak about Trillions of dollars. Nobody can comprehend a Trillion dollars. One trillion dollars is about $3,300 for every man, woman, and child in America. America is in debt to the tune of nearly $30 Trillion or $99,000 per person and growing by the minute.
The U.S. Government has misplaced billions of dollars of COVID stimulus money, and nobody seems concerned. If you lost a couple of thousand dollars, there is a good chance you might notice it missing and do some investigating. Misplacing it could be a mistake but letting it go unchecked is negligent. Worse still, some think we need another round of stimulus checks sent to Americans to help with the effects of OMICRON. By the way, the government has no money of its own. They have our money.
Let’s look at some real numbers reported by the Treasury Department. We hope we can trust their math.
Accounting of COVID Funds allocated in 2021
Appropriated $4.6 Trillion
Obligated $4.0 Trillion
Unspent $1.1 Trillion
Unobligated $600 Billion
A quick explanation:
Appropriated Amount set aside in bill
Obligated Amount assigned to a specific account
Outlays Amount actually distributed
Unspent and unobligated remains to be allocated and spent
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On the surface, that means $1.7 Trillion is already approved by Congress that has not been earmarked for a specific need or project. The $3.5 Trillion in outlays only means it has been distributed to the states or a Federal agency. It does not mean it has been spent.
That took a couple of hundred words to say that spending money is an extremely irresponsible process for the Federal Government. There is nobody to follow the money after the President signs a bill allocating funds. We watch the Legislature pile the pork onto these bills, and in short order, Congress is making waves that we need more.
Read the rest here.
By Ray Cardello
Ray Cardello is a conservative blogger at A Conservative View From New Hampshire who believes America is strong enough to keep us on track but making folks aware of the truth is essential to a successful and prosperous future for us all.
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Featured photo by Geralt at Pixabay