Federal Spending Spree Uncovered
Article from the Washington Free Beacon by Elizabeth Harrington.
Federal agencies spent millions on cars, scooters, fidget spinners, and shuffleboards in an attempt to exhaust their budgets before they run out at the end of the fiscal year.
An analysis of federal spending by OpenTheBooks.com and shared with the Washington Free Beacon reveals 67 agencies and departments spend nearly $50 billion closing out their fiscal year 2017 budgets.
The “spending frenzy” totaled nearly $50 billion in seven days.
“Federal agencies spend-out their budgets,” said Adam Andrzejewski, CEO and founder of OpenTheBooks.com. “If they don’t spend it this year, they lose it for next year. It’s a year-end spending spree whereby $1 of every $9 spent during the fiscal year is spent in the final week.”
Read the entire article at the Washington Free Beacon.