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...until it was finally approved in 1986. He spent little on his campaigns--in his last two elections, he accepted no contributions--and in 1975 instituted Congress's monthly Golden Fleece awards to highlight wasteful spending by the government. Among the winners: an alcohol-abuse agency's $102,000 tab to determine whether drunk fish were more aggressive than sober ones; and a law-enforcement group's $27,000 study to find out why inmates try to escape from prison...
Virgin's plans may sound a bit pie in the sky, but a New Mexico official says the state is prepared to shoulder a big chunk of the $200 million tab to build a spaceport because it will bring in an estimated $500 million in annual revenues. In addition to Virgin Galactic, the site will host X Prize founder Peter Diamandis' annual cup and his Rocket Racing League (think NASCAR at 5,000 ft. up). Even NASA may send some business out West. The agency last week completed a study on creating incentives for private industry to develop...
...Benefit Guaranty Corporation. GM says its pension obligations are more than fully funded and it has no intention of terminating its plan. But GM may have to shoulder some of Delphi's liabilities--GM spun off Delphi in 1999. In a worst-case scenario, by GM's estimate, the tab for Delphi's 34,000 workers could hit an additional $11 billion. Without unloading its pension obligations, analysts say, GM must find a way to sell more vehicles at higher prices...
...left New Orleans only two times in his life. The first was to serve his country in Korea. The second was when FEMA evacuated him to San Antonio, Texas, during the catastrophic flood that followed Katrina. As he jokes to his friends, both times the government picked up the tab. Now he waits daily for FEMA to give him hope as our family members try to rebuild and reconnect with our roots...
Washington approved $62.3 billion to help hurricane victims after the trifecta of Katrina, Rita and Wilma. With an additional $8.6 billion in tax breaks and programs for the region, the total tab of nearly $71 billion is far beyond the $43.9 billion dedicated to emergency spending after the 9/11 attacks. But congressional Republicans are picking up strong signals from the White House that the Administration is not going to move forward with any grand coastal plan. "There's not a sense of urgency anymore," says a senior House Republican aide...