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an effort to create searchable online databases for government expenditures
a tool to highlight the hypocrisy of tax hikers
Constitutional or statutory requirement to rein in growth of revenues end expenditures
a commitment made by elected officials and candidates for elected office never to raise taxes
Raising the bar for tax increases
Requiring a cool-off period for all bills with a fiscal impact
pork-barrel spending - the broken windows of the budget
Dear TARP, Happy Anniversary! Now May We Please See Where Our Money Went?
Monday, October 5, 2009 12:39 PM
Last week not only marked the beginning of the new fiscal year, it also marked the one year anniversary of the financial market bailout - or passage of the TARP program. We've long called for TARP transparency, and the Special Inspector General continues to be underwhelmed with Treasury's efforts to shed a little more light onto the program. This weekend, the Philly Inquirer joined the chorus, asking "Where's the Money." Their bottom line:
TARP was launched with little public confidence, and a year later, the Treasury Department still isn't honoring the public's right to know who got what, when they got it, and where did all the money go?
As we've pointed out before, a good way to get a handle on it would be to start by passing the Maloney/King TARP transparency bill, H.R. 1472 and its senate counterpart (read more here). Will Congress finally take the opportunity one year after the package was passed?
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