Friday, October 08, 2010

What's a Few Hundred Billion in Waste?

Not to worry. Your ObamaCare will be just dandy. Nothing could go wrong.

...the General Services Administration (GSA) finally got around to selling a 10-story office building in downtown Bethesda that’s been vacant for eight years when the real estate market was in the tank...

The Gummint took a bath on the sale of the building.

...the only partially occupied Old Post Office Building in D.C., which loses $6.5 million a year. In 2005, GSA determined that simply leasing the building to private developers would yield a $21 million profit, but of course the agency has taken no steps during the last five years to make the switch...

...bureaucrats at the Federal Trade Commission are currently planning to lease “consolidated” space that will not actually consolidate FTC activities, but will cost the government $300 million more than constructing or purchasing a new headquarters building...

I'll bet nobody has yet found the zillion-square-foot warehouses holding purchased-but-not-used office furniture, either.

...improved management within GSA, Amtrak, the Federal Emergency Management Agency and other agencies could potentially save taxpayers $250 billion. That’s more than the entire cost of the Louisiana Purchase adjusted for inflation...

Hell, even HALF of that projected savings is worth a look, no?

HT: Examiner

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