The GAO has released a new report on the Stimulus.
GAO's review of prime recipient reports identified the following: Erroneous or questionable data entries that merit further review:
- 3,978 reports that showed no dollar amount received or expended but included more than 50,000 jobs created or retained
- 9,247 reports that showed no jobs but included expended amounts approaching $1 billion
- Instances of other reporting anomalies such as discrepancies between award amounts and the amounts reported as received which, although relatively small in number, indicate problematic issues in the reporting.
Pretty astounding huh. Believe this or not, 75% of the reporting was supposedly reviewed by a Federal Agency, while only 1% was reviewed from the recipient of the funds.
10% of funds recipients did no reporting and there were significant errors despite government training.
Rueters has more errors:
Illinois reported the North Chicago School District saved the jobs of 473 teachers with stimulus money, even though it employs only 290 teachers.
$173 Billion, or 22% of the $787 billion has been paid out.
I think the only good news is there is money left. Maybe Congress has a chance on a redo with this original money to create a real jobs program.