Wednesday, June 3, 2009

Biden says some waste inevitable part of stimulus

Reuters reports:
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.

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(Reporting by Pedro Nicolaci da Costa; Editing by Chizu Nomiyama)

How about for once we try to have no pork in legislation. Maybe I am just dreaming.

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