Wednesday, August 06, 2008

Clinton Wants Financial Abuse Stopped

Sen. Clinton in article in the WSJ says that No Crisis Is Immune From Exploitation Under Bush - WSJ.com: "...While touting fiscal responsibility, President Bush and his administration have lined the pockets of political cronies like Halliburton and Blackwater. While calling for earmark reform, the president has allowed no-bid and questionable contracting throughout the federal government to dwarf earmark spending by a 10-to-1 ratio.

If we're going to get serious about putting our nation's fiscal house in order, let's talk about putting an end to billions in no-bid contract awards to unaccountable contractors. Let's talk about the number of lucrative contracts and bonuses being paid for duties never performed, promises never fulfilled, and contracts falsely described as complete. And let's talk about reforming the federal contracting system so that we can take on the real waste, fraud and abuse in our federal government.

I've proposed a comprehensive overhaul to root out corruption in no-bid contracts and other shady deals. Reforms must include the following:.."

Her proposals sound prudent to me, but I have little expertise in the area. What say ye, o'money men?

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