Oversight Chairman Issa Statement on Energy Department IG Report Documenting Millions in Additional Stimulus-Funded Project Waste
Statement
Issues: Government Budget and Spending Energy
House Committee on Oversight and Government Reform Chairman Darrell Issa (R-CA) today issued the following statement on the release of a new Department of Energy Inspector General report documenting the departments' failure to manage a $152 million stimulus project resulting in delays and wasted funds:
"Inspector General Friedman's report underscores what he told the Committee on Oversight and Government Reform last week: the Obama Administration's stimulus and subsequent loan/grant programs forced too much money into a system ill-equipped to manage it. Instead of lowering unemployment, the Energy Department's efforts to play venture capitalist with stimulus funds have resulted in enormous waste and abuse of taxpayer dollars."
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