Top 10 Wasteful Government Programs
The Motley Fool, a financial publication with a sense of humor, recently compiled a list of the top 10 wasteful government-funded programs.
The first on the list was originally reported by The Daily Caller’s Paul Conner.
1. There’s an app for that
So many wasteful programs, I hardly know where to begin! How about with $100,000 in prizes offered by the Department of Energy to develop an energy app that would help users track their energy usage in their home. It’s a novel idea as our energy resources are finite and the DOE has pushed both consumers and businesses to utilize the available green energy subsidies available to them. However, there’s just one slight problem with the DOE contest: Apps that do this already exist — at least five of them to be exact. Perhaps someone should invest in an app that tracks apps for the DOE?
2. Alms for the rich
Just because you made $66 billion in net revenue doesn’t mean you won’t take a handout when one is offered… right PepsiCo. (NYSE: PEP ) ? According to Coburn’s report, Pepsi and Theo Muller Group are teaming up to open a yogurt manufacturing facility at the Genesee Valley Agri-Business Park in New York. Unable to use the supplied municipal water in the yogurt-making process, or the $4.2 billion in cash on its balance sheet, Pepsi gladly accepted slightly more than $1.3 million in funding from the U.S. Department of Agriculture and the Department of Commerce to build a new aquifer-direct water supply system, a new road leading to the plant, and to improve the parks’ wastewater capacity.