The American Pundit

DoJ Spent $121 Million on Conferences Over Two Years

The Department of Justice spent $121 million of taxpayer funds on “conference activity” over two years, according to an internal audit by the department’s inspector general. Apparently those $16 muffins and $32 snacks add up quickly. The report shows $47.8 million in conference-related costs for fiscal year 2008. But expenditures spiked in fiscal year 2009, [...]

I See Subsidized Dead People: $1 Billion in Tax Dollars Went to Deceased

Here’s a depressing report to darken your mood this Halloween. According to a report by Senator Tom Coburn (R-OK), the federal government handed over $1 billion of your tax dollars to the deceased. Worse set, some of these recipients didn’t even pass away recently. Tens of thousands of stimulus checks went to people who are [...]

Government Announces Takeover of Mortgage Giants

Fannie Mae and Freddie Mac, along with a boat-load of foolish borrowers, failed to heed the warnings that the huge housing bubble Americans were experiencing through the nineties and early millennium would come to an end. The borrowers, fueled by the greedy hopes of selling their houses for a profit in a couple years, bought [...]