Self-appointed waste-watcher Sen. Tom Coburn says he's already identified as much as $5.5 billion in wasteful or bad projects among the economic-stimulus expenditures on tap.
The Oklahoma Republican, in a report being released Tuesday, argues that while there have been successes, he's found 100 questionable decisions. Among them is the case of an Oklahoma town that is getting $1.4 million for a water project: Federal restrictions that come with the money have raised the project's cost by nearly $2 million. The town is planning to raise utility taxes to cover increased costs.
The Obama administration, however, says the report is riddled with errors, and, taken altogether, the spending so far has been "a great success" that has produced jobs across the country.
The full report is here.
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