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The fraud called the High Speed Rail can not even be honest with its expenses.
"The California High Speed Rail Authority paid $3.4 million in bills without the paperwork to back them up and isn't prepared at this point to handle federal stimulus funds, the state's inspector general reported today.
Inspector General Laura Chick said her audit (which is attached to this post) also found the rail authority paid $90,000 over five months this year for "unsubstantiated and potentially duplicative public outreach efforts" and agreed to another $700,000 contract for work that may have nothing to do with the rail project."
What does this mean?
"The Authority is not fully prepared to distribute and monitor ARRA [American Recovery and Reinvestment Act] funds," the inspector general's report concluded.
That means that until the authority cleans up the issues raised in the audit, it will not be able to spend $3.2 billion in federal stimulus money that has been set aside for the project.
In addition to the stimulus money, the rail project is scheduled to receive $9 billion in state funds approved by voters in 2008."
The total cost will be $200 billion to fully build. Do we really trust these folks to build a choo-choo train--they can not keep the books right, they lied, by double the ridership and they lied about the costs.
Do you trust these liars?
More...
"The California High Speed Rail Authority paid $3.4 million in bills without the paperwork to back them up and isn't prepared at this point to handle federal stimulus funds, the state's inspector general reported today.
Inspector General Laura Chick said her audit (which is attached to this post) also found the rail authority paid $90,000 over five months this year for "unsubstantiated and potentially duplicative public outreach efforts" and agreed to another $700,000 contract for work that may have nothing to do with the rail project."
What does this mean?
"The Authority is not fully prepared to distribute and monitor ARRA [American Recovery and Reinvestment Act] funds," the inspector general's report concluded.
That means that until the authority cleans up the issues raised in the audit, it will not be able to spend $3.2 billion in federal stimulus money that has been set aside for the project.
In addition to the stimulus money, the rail project is scheduled to receive $9 billion in state funds approved by voters in 2008."
The total cost will be $200 billion to fully build. Do we really trust these folks to build a choo-choo train--they can not keep the books right, they lied, by double the ridership and they lied about the costs.
Do you trust these liars?
More...