another disaster waiting to happen (Congress, regular, dollars, politicians)

[floridasandy]

here is another provision of the bailout bill:

Bailout Bill Could Create Billions in Abuses by Waiving Federal Contracting Laws


In its present form, the bailout bill will give administration officials broad power to waive any provision of the Federal Acquisition Regulation (FAR) they choose for an indefinite period of time.

Section 107 of the bill could be a recipe for disaster at a time when the national economy has plummeted as the direct result of a blatant lack of proper government oversight. It would be foolhardy and irresponsible for Congress to grant the very individuals that are directly responsible for one of the worst economic disasters in United States history even more power to ignore federal procurement law for as long as they deem necessary.

The multitude of problems that could arise by allowing government officials to ignore even the most foundational principals of the FAR could be catastrophic. Staggering abuses in federal contracting are a common occurrence. Many of the nation's largest defense contractors are regularly found to be defrauding the federal government out of hundreds of millions and even billions in taxpayer dollars.

Waiving provisions of the FAR could result in billions of dollars in fraud and abuse at multiple levels of government. Government officials cannot be trusted with the power to waive any federal procurement law they deem unnecessary.

[floridasandy]

there may be a bill out there to help this country, but this one sure isn't the one. now we have to buy houses at their current bank inflated value, not their actual value, thereby helping the banks overcharge for these houses and then we are expected to pay for it. they tell us that the houses will appreciate. oh really, when you have just gone further into debt to buy these already overpriced houses?

[DixieSherry]

Since when has this government of OURS been trustworthy?

Good grief, we have to get over the fact, that our politicians (lawmakers) are for the people.

Greed and $$$ are the two influencial factors that direct these politicians.

I am so sick of these politicians.