Biden says some waste inevitable part of stimulus

**Jason** · 06-02-2009, 08:18 PM

NEW YORK (Reuters) - Vice President Joe Biden acknowledged on Tuesday that some waste is inevitable in the spending of a $787 billion economic stimulus package, in a characteristically blunt assessment.

"We know some of this money is going to be wasted," Biden said during a roundtable discussion in New York with business leaders aimed at promoting the two-year stimulus plan.

The package was approved by the Democratic-led Congress in February over the objections of most Republicans, who were concerned about the potential for wasteful spending and because it will add billions of dollars to U.S. deficit spending.

President Barack Obama placed Biden in charge of supervising implementation of the stimulus to underscore his promise of strict oversight of the package, which is aimed at creating or saving 3 million to 4 million jobs.

Biden said transparency and accountability are key to the program's success.

"There are going to be mistakes made," said Biden. "Some people are being scammed already."

http://www.reuters.com/article/polit...5516HE20090602

06-02-2009, 08:18 PM	#1 (permalink)
Jason Faugh a ballagh Join Date: Dec 2001 Location: Pasco, FL Posts: 8,401 OS: Windows Vista My System Blog Entries: 2	Biden says some waste inevitable part of stimulus NEW YORK (Reuters) - Vice President Joe Biden acknowledged on Tuesday that some waste is inevitable in the spending of a $787 billion economic stimulus package, in a characteristically blunt assessment. "We know some of this money is going to be wasted," Biden said during a roundtable discussion in New York with business leaders aimed at promoting the two-year stimulus plan. The package was approved by the Democratic-led Congress in February over the objections of most Republicans, who were concerned about the potential for wasteful spending and because it will add billions of dollars to U.S. deficit spending. President Barack Obama placed Biden in charge of supervising implementation of the stimulus to underscore his promise of strict oversight of the package, which is aimed at creating or saving 3 million to 4 million jobs. Biden said transparency and accountability are key to the program's success. "There are going to be mistakes made," said Biden. "Some people are being scammed already." http://www.reuters.com/article/polit...5516HE20090602 __________________ Posting Tips \| Advice for New People \| Common Fixes \| Agus na damnaithe fágtha gan focal Glaoigh ormsa i measc na naomh