The Debt Bomb by Senator Tom Coburn

Author:Senator Tom Coburn
Language: eng
Format: epub
Tags: ebook, book
Publisher: Thomas Nelson
Published: 2012-03-10T00:00:00+00:00

80 ECONOMIC DEVELOPMENT PROGRAMS

The GAO found 80 programs at 4 agencies costing $6.5 billion annually that do economic development work for the federal government, 52 of which help with entrepreneurial efforts and 19 with tourism. The Economic Development Administration (EDA), which runs “8 of the programs GAO is reviewing continues to rely on a potentially incomplete set of variables and self reported data to assess the effectiveness of grants.” The poor data “may lead to inaccurate claims about the success of the program.”

These are just a few examples. GAO is preparing a second report that should be released around the time of this publication.

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