• Another Home Scam

      Posted by John Stossel | November 07, 2011

      A new Washington Post investigation finds more waste in the Department of
      Housing and Urban Development “HOME” Investment Partnerships Program.

      75 construction projects drew and spent $40
      million in HOME funds with little or nothing built. That is in addition to the
      nearly 700 potentially delayed projects …

      Rep. Ed Royce calls for an end to the program.

      HUD representatives have claimed that this waste makes up only 3 percent
      of HUD funds. Gee, just 3%! That’s good for government work? I bet
      we’d find more if we could see how they spend the other 97%.

      The yearlong investigation uncovered a
      dysfunctional system that delivers billions of dollars to local housing
      agencies with few rules, safeguards or even a reliable way to track projects.

      Included in this waste were 55 tax-payer funded projects that ended in
      empty lots.

      Government should not fund these projects. Because it does, developers, instead of seeking
      better ways to build, fight to get money from Congress. Since government doesn’t know how to manage,
      some developers never even build.

      The poor who are supposed to be helped --are not helped.

      TAGS
      stossel
      taxpayer
      Government Spending

    • JOHN HAS A NEW BOOK! ORDER TODAY

    This Week's Show -- May 23, 2013

    Much of what we think we know about oil and gas... is not so.

     

    People assume the auto industry hates regulation. But big companies actually benefit from tough regulations. Amphibious vehicles would make great rescue vehicles for places with a lot of lakes and rivers but big automakers are so comfortable with current regulations that they join the government in resisting innovation.

     

    Some say we need to decrease our dependence on oil, but without oil...we would be without more than just gasoline. Stossel asks his audience to guess which products aren't made from oil.

     

    Then a debate on Ethanol. Stossel says "growing our way to energy independence" is a myth.

     

    Stossel talks with people in Times Square... they seem to think all of our oil comes from foreign sources. They are wrong.

     

    Most people say gas costs too much. Stossel says we should thank the oil industry when we fill up, because gas is cheap.

     

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