Published by American Thinker
By Thomas Lifson
It should come as no surprise the federal bureaucrats who are shielded from any accountability ran up costs for remodeling the office space for their new headquarters from a first estimate of $55 million to an eventual $124 million. They actually wanted to spend a total of $216, until the adults stepped in. Elizabeth Warren deliberately designed the Consumer Financial Protection Bureau (CFPB) to be insulated from congressional oversight by making it dependent on funding from the Federal Reserve System, which, you may remember, prints up (physically and digitally) our money and isn’t dependent on congressional appropriations.
If someone handed me a blank check from the Federal Reserve and told me to remodel my house with it, I might find some awfully luxurious perks to add to the manse. That is human nature. Soemthing people like Warren cannot understand, it would seem.
Richard Pollock of the Daily Caller News Foundation describes the fiasco that only began to be under adult supervision too late.
Original cost estimates for the CFPB’s renovation were estimated at $55 million, but the bureau ran up the proposed cost to $216 million.
See full story here.
January 8, 2018
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