Small Business Administration’s Disastrous LoansThis week's Waste Report resembles one you could have seen during the 2007 mortgage crisis, as Dr. Paul highlights millions in lost taxpayer funds in the Small Business Administration's (SBA) disaster assistance loan program. According to the SBA's own Inspector General, SBA provided loans to applicants lacking satisfactory credit, or, in some cases, even a proven ability to repay the money. Often, workers ignored SBA's own guidelines, or exploited loopholes, to issue these loans.
Official WasteIn this special, two-page "Waste Report," Dr. Paul examines federal employees doing union work on taxpayers' dime, costing Americans hundreds of millions of dollars when member dues should be more than enough to cover representation costs. Many of these employees receive full salary and benefits despite not performing a government function.
The Weight of WasteIn today's "Waste Report," Dr. Paul takes a look at taxpayers funding a documentary on the International Prototype Kilogram. This $500,000 grant opportunity from the Department of Commerce will focus on efforts to replace "Big K" with a natural constant.
