Biden’s Boondoggles Boggle The Mind

 As President Joe Biden approaches the end of his term, he is focused on enhancing his legacy rather than addressing the significant waste and fraud that has occurred during his time in office. A report from Politico highlights where the $1. 6 trillion spent on clean energy and infrastructure went, revealing that much of the money remains unspent or unaccounted for. Specifically, more than half of the $1. 1 trillion in new spending has not been committed, and only a small fraction has actually been disbursed.

While it is somewhat reassuring that much of the funds are still available, there is concern that a future administration may not act to cancel or stop these unspent programs. The article mentions significant failures in spending, such as a $42 billion broadband expansion that has not connected any households and only 47 electric vehicle charging stations constructed from a planned 5,000, even though the funding for this was supposed to support 500,000 installations by 2030.

Questions arise regarding where the allocated funds have gone and what impact they have made. For instance, it is unclear how many jobs have been created from a $551 billion tax break for clean energy and semiconductor manufacturing, especially after Intel received nearly $9 billion but then laid off a significant portion of its workforce. The $27 billion allocated for the “Greenhouse Gas Reduction Fund” appears to have had minimal results as well.

Additionally, it is unknown whether the $7 billion set aside for solar panels in low-income areas has resulted in any installations. Similarly, the $14 billion “clean investment fund” and $6 billion for the “clean communities accelerator” show questionable outcomes, as the primary beneficiary of the investment fund has reported only minimal projects.

There is a strong call for the new Congress to investigate these spending issues and demand accountability from the Biden administration regarding the use of taxpayer money. The expectation is for a full and honest report on how the $1. 6 trillion has been spent and what results, if any, have been achieved, emphasizing the need for transparency in government spending.

This editorial highlights the importance of responsible fiscal management and keeping government programs accountable to taxpayers to ensure funds are being used effectively.

https://issuesinsights.com/2025/01/03/biden-boondoggles-boggle-the-mind/