So? You have the same exact opportunities as any other business owner. What's the problem?
Really?
I've been in biz for 20 yrs now, and this is just my recent biz.....
So, where's my taxpayer bailout $$$, my Congresscritter to create legislative advantages for me, my obnoxious tax cuts & offshore tax havens.....oh and club med justice when i screw the public?
~S~
I don't know, but your bailouts happened BEFORE Trump. Was your business deemed "to big to fail?" Obama did some TARP bail outs. I will assume you are also against subsidies for certain corporations.
This is WHY the feds are supposed to be LIMITED by their jurisdictions as outlined in the CONSTITUTION, which leftists like to want to "change" often without thinking at ALL about the consequences of their silly actions! As a taxpayer who is NOT rich, it is nothing if not ANNOYING.
Obama officials operating TARP program blew millions on frivolities
Although Obama is out of the Oval Office, his administration’s legacy of wrong-doing continues on.
Obama’s “Hardest Hit Fund,” an exorbitantly-funded government program launched to help struggling families, has been accused of massive waste and mismanagement.
A new
report by the Office of the Inspector General for Troubled Asset Relief Program says the fund, meant to aid families suffering after the housing crisis, was used to host parties, buy cars and give employee bonuses, as well as to purchase unnecessary items.
The program, which operates under the Treasury Department, has little oversight, according to
Judicial Watch (JW). They report that federal audits have exposed pervasive fraud and waste, findings of which were released this month through “another reckless Treasury gem, the Troubled Asset Relief Program (TARP), Obama’s disastrous initiative to rescue the nation’s ailing financial institutions.”
According to the inspector general’s report, millions have been wasted in expenses from picnics to parking. A brief breakdown of those expenses, as compiled by JW, shows $3 million in expenses that the watchdog deemed “unnecessary:”
- $598,374 went to car allowances, free parking, and other transportation perks
- $342,728 was spent on settlements, severance, and other employee legal expenses
- $342,407 went to employee bonuses, cash debit cards, gifts, and other perks
- $258,333 was spent on “avoidable” data storage expenses
- $150,618 on barbecues, parties, picnics, steak and seafood dinners, and other food and beverages.
- The rest was spent on unemployment payments to former employees and a customer center in Rhode Island that had already received federal money years earlier for a new office.
In the report, Special Inspector General for TARP, Christy Goldsmith Romero, writes: “Taxpayers are paying more for this program than is necessary, and losing Federal dollars to waste, because Treasury is not following its own contract to limit TARP spending to only expenses necessary to modify loans or demolish blighted houses.”
She says Treasury has allowed state agencies to charge TARP for expenses that are not permitted, such as food and beverages. Such expenses, Romero says, are “not necessary to modify loans or demolish blighted houses.”
According to JW, the probe was requested by a U.S. senator concerned after a 2016 audit exposed $8.1 million in waste in Nevada’s Hardest Hit Fund. The money in Nevada was similarly spent on staff lunches and gifts, parties, employee outings, severance and even “a fancy car for a supervisor.”
JW reports:
“The Hardest Hit Fund was created by Obama in 2010 to help struggling families negatively impacted by the housing crisis that began in 2007. The former commander-in-chief asserted that homeowners in regions with high unemployment needed the government’s help to make their mortgage payment and prevent foreclosure. ”
So far, over $9 billion dollars have gone to support the fund, and during the Obama administration’s last year, the fund got an additional $2 billion. The program began as a $1.5 billion initiative which was only focused on five states. Those states had seen the steepest declines in home prices. Now, it’s a “$9.6 billion boondoggle” in 18 states plus the District of Columbia.
As JW notes, many government programs created during Obama’s eight years in office have “ballooned, and kept receiving boatloads of cash with virtually no oversight.”
The money, supposed to be available until the end of 2020, goes to mortgage payment assistance, principal reduction, blight elimination and down payment assistance efforts.
The staggering amount of money gushing into the program, to the tune of billions of dollars, went to multiple states. In liberal California, residents have been granted $2,358,593,320 under the program, while Floridians have received $1,135,735,674.
Other states, which have received the funds in the hundreds of millions, include:
- Ohio – $762,302,067
- Michigan – $761,204,045
- North Carolina – $706,507,564
- Nevada – $202,911,881
Note that in Nevada, $9 million was distributed just before the waste in their “Hardest Hit Fund” was discovered. According to JW, the Treasury Department “never bothered” trying to recover the money wasted there, and “the fraud continues to grow.”
However, my mistakes in this life were my own, and I don't blame anyone else who is better off than me for my own fuckups in this life. They did everything right and now they are being rewarded for it. I didn't make very good decisions early on in my life and that didn't work out so well for me. Lol. Not anyone else's fault though, and nor should anyone else have to pay for my own bad decisions. Also, I don't really want the stress (nor do I know that I could handle that kind of daily stress) of running a company. I prefer my life to be as stress free as possible, so I work for someone else and let them pay me and let them deal with all the stress. Lol. 
I will admit that some people have a LOT MORE opportunities and choices than some others. That is why I would not be against putting some kind of controls/limits on how much we are charged for higher education. Denying some people a higher education is kind of like stacking the odds against them.
