Grassley Wants ‘Cash for Clunkers’ Audit
Tuesday, January 05, 2010 at 1:01 pm
Concerned that last summer’s $3 billion Cash-for-Clunkers program might be rife with waste and fraud, Sen. Charles Grassley (R-Iowa), senior Republican on the Finance Committee, is asking administration officials today for an accounting of where exactly all of that money went. Specifically, Grassley wants to know how much of the funding went to the large financial firms and government agencies responsible for processing the thousands of transactions under the Clunkers program.
“Pursuant to the legislation, the DOT had only 30 days after the date the legislation was enacted into law to engage contractors and stand up the Program before the first rebates were issued,” Grassley wrote Tuesday in a letter to Ray LaHood, secretary of the Department of Transportation.
It is my understanding that the original legislation provided $50 million to cover the costs of these contracts, but no specific funding provision for the contractors was included with the additional $2 billion that was provided for the Program. To date the Administration has not provided an accurate accounting of the administrative costs related to the Cash for Clunkers program and I believe that the American taxpayer deserves more information, not less, and that information needs to come sooner rather than later.
The numbers aren’t insignificant. In August, Autoblog reported that the administrative costs to process the 690,000 transactions hit $100 million — or about $145 per vehicle. Among the contractors/agencies who received some of that pie, Grassley says, are Citibank, Vangent and the IRS. The response should be interesting.
61 Comments
Comment posted January 5, 2010 @ 2:55 pm
AND WE WANT TO KNOW HOW MUCH MONEY FROM THE SOCIALIST FARM PROGRAM YOU GOT, HOW MUCH INSURANCE MONEY YOU PAC RECIEVED….
Comment posted January 5, 2010 @ 7:55 pm
AND WE WANT TO KNOW HOW MUCH MONEY FROM THE SOCIALIST FARM PROGRAM YOU GOT, HOW MUCH INSURANCE MONEY YOU PAC RECIEVED….
Pingback posted January 6, 2010 @ 4:25 pm
[...] The Washington Independent | Image: Justin [...]
Pingback posted January 6, 2010 @ 4:27 pm
[...] The Washington Independent | Image: Justin [...]
Pingback posted January 6, 2010 @ 6:50 pm
[...] The Washington Independent | Image: Justin [...]
Pingback posted January 6, 2010 @ 8:09 pm
[...] The Washington Independent | Image: Justin [...]
Pingback posted January 7, 2010 @ 8:33 am
[...] The Washington Independent | Image: Justin [...]
Comment posted August 21, 2010 @ 8:38 am
HOW MUCH INSURANCE MONEY YOU PAC RECIEVED….
Trackback posted October 4, 2010 @ 6:57 pm
Thank you……
Thanks for sharing this, its great :)…
Trackback posted October 14, 2010 @ 5:45 pm
Healthy diet plan…
One word.. Great! Two words.. Very awesome! Three words.. I love it!…
Trackback posted October 16, 2010 @ 12:15 am
Best Life Insurance Quotes, Rates & Policy…
I added your publish to my blog!…
Trackback posted October 16, 2010 @ 12:29 am
Best Life Insurance Quotes, Rates & Policy…
Very fine, I would send out this sheet to my acquaintance….
Trackback posted October 18, 2010 @ 3:54 am
Great Photography Tutorials…
Interesting site….
Trackback posted October 18, 2010 @ 7:57 am
Best loan rate calculator and refinance…
Have you ever considered adding more videos to your blog posts to keep the readers more entertained? Anyway this is a great article thanks for sharing this informative information. Regards, Lorna…
Trackback posted October 22, 2010 @ 11:18 am
…
You’ve got your place via a great deal far better than I at any time could, thank you!…
Trackback posted October 27, 2010 @ 4:48 am
…
VKR Excellent brief and this post helped me alot. Say thank you I looking for your information. -WO….
Trackback posted October 28, 2010 @ 5:43 pm
Title…
This is my Excerpt…
Trackback posted October 31, 2010 @ 12:31 pm
…
MCP Very inspiring submit, Thanks !?! -JS….
Trackback posted November 2, 2010 @ 3:09 am
…
AZB i absolutely like your world-wide-web website. Its pretty informative. Goodbye! -IH….
Trackback posted November 3, 2010 @ 3:05 pm
…
UNW That is some inspirational things. In no way knew that thoughts might be this varied. Thank you for all of the enthusiasm to provide such beneficial facts here. -FE….
Trackback posted November 3, 2010 @ 11:26 pm
…
GZH Many thanks for that well-thought content. I’m in fact at operate right now! So I should go off with no reading all I’d like. But, I place your web site on my RSS feed in order that I can examine much more. -CW….
Trackback posted November 4, 2010 @ 2:44 pm
…
PIJ I saw this really wonderful post these days! -HG….
Trackback posted November 6, 2010 @ 12:15 am
…
Hi there might I reference some on the insight right here in this blog if I reference you with a link back again on your web page?…
Trackback posted November 8, 2010 @ 9:01 pm
…
You’ve got your point via a great deal better than I at any time could, thank you!…
Trackback posted November 11, 2010 @ 10:05 pm
…
Quite cool! I support your view!…
Trackback posted November 18, 2010 @ 8:14 am
Online Fitness Program and Weight Loss Exercise Plan…
Impressive place of duty! STICK WITH IT!…
Trackback posted November 20, 2010 @ 12:38 pm
The Best Family Vacation Ideas – For Family Vocations…
Finicky place of duty, I gonna bookmark this bleep. Credit on behalf of info…
Trackback posted November 21, 2010 @ 11:48 am
…
Intimately, the article is actually the very best on this precious topic. I concur together with your conclusions and will eagerly appear forward for your coming updates!…
Trackback posted November 22, 2010 @ 12:53 pm
…
That’s some inspirational stuff. In no way knew that ideas could be this varied. Thanks for all the enthusiasm to provide such helpful data the following….
Trackback posted November 24, 2010 @ 8:48 am
Low Fat & Low Carb Recipes – Healthy Diet Recipes…
Thanks for good information that comes out to read….
Trackback posted November 28, 2010 @ 11:49 am
Unique Wedding Ideas Planning…
Took me many times to review all the comments, but I unquestionably enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It’s forever nice when you can not however be au fait, but also entertained! I’m unsha…
Trackback posted November 30, 2010 @ 5:53 am
…
Wonderful write-up! I’ll subscribe appropriate now wth my feedreader computer software!…
Trackback posted December 1, 2010 @ 2:21 am
…
You guys possess a wonderful blog site proceeding here, KIU!…
Trackback posted December 3, 2010 @ 10:49 am
Best Medical Insurance – Cheap Health Insurance Quotes…
Hello from Russia!Can I quote a post in your blog with the link to you?…
Trackback posted December 4, 2010 @ 10:16 am
Best Family Holiday Travel Vacation Plan…
Your website is without a doubt full of superb details and also is actually rather interesting to scan through.Nicely done….
Trackback posted December 4, 2010 @ 7:58 pm
…
Cheers for this content, guys, preserve up the good operate….
Trackback posted December 7, 2010 @ 8:14 am
…
Hi, in which did you get this details can you please assistance this with some proof or you may perhaps say some good reference as I and others will actually value. This info is truly excellent and I will say will usually be useful if we try it possibi…
Trackback posted December 15, 2010 @ 7:22 am
…
This blog is excellent. How did you arrive up witht he idea?…
Trackback posted December 15, 2010 @ 7:45 am
…
That is definately 1 from the ideal blogs I have sen in ages on the internet. Maintain up the good posts….
Trackback posted December 16, 2010 @ 1:35 am
…
This can be a excellent weblog write-up and I defer for you what you might have mentioned below. I’ve currently subscribed on your RSS feed in Firefox and will likely be your regular reader. Many thanks for your time in writing the post….
Trackback posted December 16, 2010 @ 2:52 am
…
It really is excellent to possess the capability to read a great high quality write-up with practical facts on topics that plenty are interested on. The place that the info indicated are all very first hand on live experiences even support far more. Ke…
Trackback posted December 22, 2010 @ 10:05 am
Buy Soft Toys & Childrens Toy online now!…
This is a good step to save paper. And will save the rain forests in Indonesia. Moreover, this will reduce the burden on the back of elementary school students. Of course this will make the traditional printing companies and governments in the third wo…
Trackback posted December 24, 2010 @ 4:57 am
…
Thank you with the well-thought post. I’m actually at operate appropriate now! So I have to go off without having examining all I’d like. But, I set your website on my RSS feed to ensure I can examine a lot more….
Trackback posted December 25, 2010 @ 11:48 am
New Car Guide, Reviews & Pricing, Auto News for New Models…
Fine to back your blog, I get back it again pro re a month, pronto I bear bookmarked it….
Trackback posted December 26, 2010 @ 7:31 am
…
Hi there may perhaps I reference some on the insight below in this blog site if I reference you with a link back for your web site?…
Trackback posted December 27, 2010 @ 9:14 am
…
You guys possess a fantastic web site heading here, KIU!…
Trackback posted December 27, 2010 @ 12:20 pm
…
Hi! Your publish rocks and is often a excellent go through!…
Trackback posted December 28, 2010 @ 2:05 am
…
Curious to see what all you intellectuals have to say about this……….
Trackback posted January 1, 2011 @ 2:47 am
…
Intimately, the post is definitely the best on this valuable subject. I concur together with your conclusions and will eagerly appear forward on your coming updates!…
Trackback posted January 2, 2011 @ 9:35 am
…
Really frequently I go to this web site. It incredibly a great deal is pleasant to me. Many thanks the author!…
Trackback posted January 5, 2011 @ 11:44 pm
…
It is beneficial to have the capacity to go through a great high quality publish with valuable details on topics that plenty are fascinated on. The point that the data indicated are all first hand on live experiences even assist a lot more. Keep on doi…
Trackback posted January 6, 2011 @ 4:55 am
…
One particular in the best web sites for relevant data on this niche !!…
Trackback posted January 19, 2011 @ 11:56 am
…
Great article! I’ll subscribe correct now wth my feedreader application!…
Trackback posted February 6, 2011 @ 9:22 am
Low Fat & Low Carb Recipes – Healthy Diet Recipes…
I have been following your blog for three days now and I should say I am starting to like your post. Now how do I subscribe to your blog?…
Trackback posted February 6, 2011 @ 10:56 am
Best Weight Loss and Health Fitness Exercise Tips…
Thanks ! Supper Post !!…
Trackback posted February 12, 2011 @ 4:27 am
…
This really is definately a single with the best blogs I have sen in ages on the net. Keep up the excellent posts….
Trackback posted September 4, 2011 @ 3:29 pm
Get your horse tack!…
Not sure if this is the right place (I’m not really good with computers), but left you a trackback for your readers, if they ever need some information about horse tack….
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
rss