Air Force Has Prime Opportunity To Show Smart Spending, Says Watchdog

Pete Sepp from the National Taxpayers Union argued Monday that the Common Vertical Lift Support Program (CVLSP), which would replace the Air Force’s aging helecoptors, would be an opportunity for the Air Force to make smart purchases. Sepp made his comments during a discussion on defense spending sponsored by the Taxpayers Protection Alliance. (0:26)

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Each Job Created By Stimulus Is Costing The Average Taxpayer $248,000

Rep. Bob Latta (R-Ohio) explains that each job created by the American Recovery and Reinvestment Act, otherwise known as the stimulus plan, has cost the average American taxpayer over $248,000. (:26)
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Where Did Presidential Helicopters Go?

Ranking minority member of the House Appropriations Subcommittee on Defense Bill Young asks why the government wasted taxpayers' money on presidential helicopters which are now judged obsolete. To this, Secretary of Defense Robert Gates replies that this was not intended. (0:44)
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Lautenberg: Americans Need To Know Where Their Money Is Going

Senator Frank Lautenber (D-N.J.) discusses how Americans need to understand where their tax dollars are being spent, and praises the work of governmental audit agencies. But he is upset that KBR needlessly wasted American taxpayer dollars as well as endangered the lives of American soldiers. (0:38)
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AIG Will Aims To Pay Back Taxpayers In 3-5 Years

By Kayleigh Harvey - Talk Radio News Service

Edward Liddy, Chairman and CEO of AIG appeared before the House Oversight and Government Reform Committee today. Congressman Brian Bilbray (R-Calif.) asked Liddy how long it would take to pay back taxpayer money.

Bilbray asked, “Are you hoping to be able to pay back the taxpayer before the ceiling falls in….How long will it take to pay the taxpayers back?”

Liddy replied, “Somewhere between three and five years. What makes the answer so difficult is how strong will the economy be worldwide and how strong will the financial markets be worldwide.”
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Republican concerns on bailout bill

Representative Steve Chabot (R-Ohio) voices his concerns on the bailout bill (0:50).
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