News release – June 6, 2012: “U.S. Senator Tom Coburn (R-OK) released a new oversight report, Money for Nothing highlighting more than $70 billion in federal funds left unspent years after being appropriated by Congress due to poorly drafted laws, bureaucratic obstacles and mismanagement, and a general lack of interest or demand from the communities to which this money was allocated. Most importantly, this report shows how real people have been impacted due to Congress inability to ensure appropriated funds are spent. In allowing high priority programs to languish, billions of dollars intended to reach areas with the most critical of needs. For example, the report highlights billions in federal aid intended to help victims of Hurricane Katrina left unused, more than $1 billion of transportation funds idling, billions intended for HIV/ AIDS treatment and prevention unspent, and nearly one-fourth of Homeland Security disaster grants has been left unspent for the past nine years.”
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