- Personal Finance
Fun Facts About Free Government Pork
Here are some Fun Facts about Free Government Pork
United States Senator Mary Landrieu, Chair of the Senate Homeland Security and Governmental Affairs Committee Disaster Recovery Subcommittee, added an amendment to the 2009 American Recovery and Reinvestment Act that created an arbitration panel to mediate disputes in Public Assistance projects from hurricanes Katrina and Rita. The American Recovery and Reinvestment Act is colloquially know as the "TARP" legislation. The arbitration panel awarded 474 million to Charity Hospital in New Orleans, which was damaged by hurricane Katrina in 2005. The Federal Emergency Management Administration, FEMA, initially estimated damage to the hospital at 124 million and offered to pay 150 million for repairs.
Fun Facts About Free Government Pork - Rent Reduction
The YWCA of Greater Los Angeles received $82,071,434 from the 2009 "TARP" legislation. The majority of the award, 81.9 million dollars, was specifically intended to be used for "rent reduction". Job creation was reported to be 'zero.'
This award affects the 34th Congressional District, represented by Congresswoman Lucille Roybal-Allard. Roybal-Allard is a Democrat who sits on the House Appropriations Committee.
Fun Facts About Free Government Pork - HP Scanners
The USDA (United States Department of Agriculture) in Cincinnati, Ohio, was awarded $22,644 to purchase 17 Hewlett-Packard scanners, which were shipped to multiple locations.
Job creation was reported by the recipient as "helped retain 3 sales FTE's and the hiring of 1 customer service temporary FTE". FTE stands for "Full time Equivalent".
The recipient of the funds is listed as "Government Acquisitions, Inc., Cincinnati, OH 45202". According to their web site, the company is "an IT solutions provider and trusted adviser to the Federal Government." Assuming that the scanners were marked up 50% from the wholesale price, $11,322 went to pay for the hardware and $11,322 went to job creation and 'saving'. $11,322 / 4 = $2839 per job that was created or saved. Assuming $50,000 per year per sales job, each sales job was 'saved' for 20 days.