Slashdot Mirror

← Back to Stories (view on slashdot.org)

Obama To Launch Website For Tracking Tax Expenditures

Posted by Soulskill on from the government-two-point-oh dept.

internationalflights tips news that Barack Obama, in his first weekly address as President, has mentioned plans to set up a website for tracking "how and where we spend taxpayer dollars." Details about the website, Recovery.gov, are available within the American Recovery and Reinvestment Act of 2009 (PDF). The website "shall provide data on relevant economic, financial, grant, and contract information in user-friendly visual presentations to enhance public awareness of the use funds made available in this Act," and will also "provide a means for the public to give feedback on the performance of contracts awarded for purposes of carrying out this Act." The site itself currently contains a placeholder until the passage of the Act.

4 of 358 comments (clear)

  1. But he is still our ruler by Anonymous Coward · · Score: 0, Offtopic

    When do we get to decide how our money is spent?

  2. Re:It freaks me out... by brianez21 · · Score: 0, Offtopic

    How can I unmod this thing because I accidentally picked the wrong mod!

    --
    kernel: lp0 on fire
  3. is this more interesting than .. by rs232 · · Score: 0, Offtopic

    The web browser is a dead end

    --
    davecb5620@gmail.com
  4. Now you and an interactively be misled.... by Anonymous Coward · · Score: 0, Offtopic

    Folks, the problem isn't that we don't have transparency in expenditures, it's that the US took it's Chinese credit card and went on a spending spree. Now we're about to charge up another trillion dollars worth of spending, so we can "recover" from the last trillion. That'll just make the debt bubble worse.

    The problem is that over the past twenty years both political parties have acted to unbalance our saving and lending rates. Until we get that back into balance, we're going to remain in this economic cave.

    The answer is saving, not spending. The answer is productivity, not newer and nicer physical facilities. The answer is less debt, not more.

    I fail to see how transparancy in spending solves the fundamental problem.