The Government Accountability Office (GAO) recently announced that $124.7 billion in improper government payments were made in 2014. This is a 17% increase over the $105.8 billion in incorrect payments made by the government over the previous year.
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Economic growth of the U.S. economy in terms of GDP grew just 2.4% in 2014, continuing the trend of 2.2% average annual growth for the last 10 years. Countries with similar “growth” last year include Afghanistan, El Salvador and Ukraine.
If averaging just 2.2% growth per year is unacceptable to you when compared to inflation, please Like & Share this post.
Private equity firms rejected the college town of Evanston, Illinois for a $17 million loan to expand its hockey rink because the city itself ruled that it was already “saturated” with hockey rinks. The town has decided to pass the costs on to taxpayers even though it was decided that the new rink’s chances of “making enough money to cover its costs was slim.”
If you think Evanston should get its priorities in order and use tax money for something more beneficial, please Like & Share this post.