Is it just me, or is the fact that states are going to have to spend money to track the money they are getting just a bit comical?

When it comes to the $787 billion in federal stimulus money flowing from Washington to the states, it will cost money to spend money.

Nebraska's governor's office told lawmakers it expects to spend more than $1.2 million over two years to oversee disbursement of about $1.5 billion Nebraska stands to receive in federal stimulus funds.

Other states, including Colorado, are in similar straits. But Washington — at least for now — isn't handing out money for states to hire auditors and accountants, and the stimulus law requires stringent reporting from states to ensure transparency and curb abuses.

My response?

Posted by: eddiebear at 11:47 AM | Comments (5) | Add Comment
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