Politicians Slash Budget of Watchdog Agencies … Guaranteeing that Financial Fraud Won’t Be Investigated or Prosecuted
by George Washington
As I noted last year, you can tell how interested Congress and the White House are in uncovering the truth by looking at how much money is actually budgeted for investigation:
The government spent $175 million investigating the Challenger space shuttle disaster.
It spent $152 million on the the Columbia disaster investigation.
It spent $30 million investigating the Monica Lewinsky scandal.
The government only authorized $15 million for the 9/11 Commission.
And how much has the government authorized for the Financial Crisis Inquiry Commission? You know, the commission charged with getting to the bottom of what caused the financial crisis?
Just $8 million.
These figures don’t account for inflation. For example, the Challenger investigation cost over $300 million in today’s dollars.
You can tell alot about the questions which the government is truly interested in finding answers to by the amount of money it authorizes for the various investigations.