Tuesday, March 3, 2009

HUD shoots its WAD.


HUD Allocates More Than $10 Billion of Recovery Act Funding One Week After Bill Signing Wednesday, February 25, 2009

WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 percent of which was allocated to recipients today - only one week after President Obama signed the Act into law.

This - from the President's own website - Recovery.gov. Check it outand read the entire press release. How much you wanna bet that President Obama's newly appointed HUD Secretary, Shaun Donovan, will be back asking for more money. Nice, isn't it? Just over a half billion of the $13 billion total allotted to HUD is going just to the Native American Indians. Or is it just "Native Americans"?

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