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Articles Tagged: "Government Waste"

Government Waste

NEWS: Taxpayer-Backed Electric Car Company Closes U.S. Factory

FreeBeacon.com reports Missouri-based Smith Electric Vehicles said this week that it is suspending operations in the United States due to a “tight cash-flow situation.” Its financial troubles came despite nearly $30 million in funds from the Department of Energy granted to the company through President Obama’s 2009 stimulus package.

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Filed Under: News

NEWS: EDD missed out on more than $500 million in revenue, auditor says

The Los Angeles Times reports the California Employment Development Department missed out on $516 million in revenue because it failed to take advantage of a new federal program. The agency could have collected the money if it had invested in computer modifications that would have allowed it to recover overpayments of unemployment benefits.

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Filed Under: News

NEWS: California takes down online health insurance exchange for small businesses

The Washington Post reports California has temporarily shutter its new online health insurance marketplace for small business only four months after it launched, dealing yet another blow to a key element of the health care law meant to lower costs for employers.

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Filed Under: News

NEWS: California health exchange planning for budget deficit

Southern California Public Radio reports Covered California is setting aside nearly $200 million to fight off projected budget shortfalls as it prepares for what it says is a challenging financial future without hundreds of millions of dollars in federal aid.

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Filed Under: News

OPINION: Transparency Website Shows True Cost of Unionized Government in California

With the launch of www.TransparentCalifornia.com, Union Watch's Ed Ring explains how the online payroll and pension database lays out the exuberant cost of unionized government employees.

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