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Monday, June 11, 2012

HUD Spending $70 Million To Teach Grant Recipients How To Spend Money It Gave Them

http://cnsnews.com/news/article/hud-spending-70-million-teach-grant-recipients-how-spend-money-they-already-have


At one federal agency, it takes money to spend money. The U.S. Department of Housing and Urban Development recently announced it is spending $70 million to improve the way its grant recipients spend billions in taxpayer cash.
Why are we giving taxpayer money to folks too stupid to know how to spend it?
CNSNews.com asked a HUD official, “If I’m reading this correctly, this is a grant to teach people how to spend money they already have?”
“Absolutely,” responded HUD spokesman Brian Sullivan.
He said the $70 million is being spent to “amplify” the already-existing community development block grants handed out by HUD. In fiscal year 2012, those block grants totaled around $3-billion.
 http://portal.hud.gov/hudportal/documents/huddoc?id=CommunityDevelopmentFund.pdf

The only thing I see being "amplified" is our debt.

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