Wasteful Spending Quotes
What makes this quotation memorable is that fact that it was public stated. Presidents have almost never gone into a local area and publicly stated that one of its governmental institutions was corrupt. Moreover, the corruption had not only gone on with the laxity of the state and city officials who had been Republicans and of the President’s own party—Democrats. The speech was, surprisingly to some, very warmly received by a public and political audience who had known of the corruption for years, but finally someone was trying to do something about it.
1st Earl of Beaconsfield
His definition of foreign aid given in this quotation is a classic example of political rhetoric. It is exaggerated somewhat, but basically true. The poor in America do not really pay much in taxes that would pay for foreign aid. However the middle class does. In the foreign counties much of the foreign aid money gets siphoned off by graft and corruption which is inevitably dominated by some of the rich of the country. Even if the money is spent without any graft or bribery, materials have to be procured and labor has to be supplied and foreign rich people own the companies which make the profits selling goods, labor and services to the foreign aid projects. In some nations the rich had set up a two-tier pricing for their products and services. One for normal business and commerce; a higher one for foreign aid projects.
The Pentagon has the largest budget of any operational government department and makes the most procurements of government agencies. So even if their proportional share of waste were the same as all the other agencies, it would appear, there would be more examples for people to see from the Pentagon. Unfortunately the proportion is very different with a much higher proportion of no bid (sole source contracts). a much higher proporton of moneys spent for which they could not even account. far fewer checks on the procurement officials. The armed services are not all alike howevever. The Army was generally much better than the other services except during the Iraq War reconstruction. The Navy however was by far the worst of the armed services in terms of waste and avoiding the checks and balances of procurement reviews and procedures.
This view became the prevailing one in American philanthropy. Ironically, more so than most industrialists of the era, he really appreciated the importance of his workers vis a vis his capital. See {606346}.