Mr. 7%

After the $787 billion "stimulus" plan passed, the Wall Street Journal reported that government investigators estimate that 7% of government contracting is wasted due to fraud.

Interesting how that story came out AFTER the bill was passed.

That's suggests up to $55 billion may be squandered.

And people are worried about the AIG bonuses? This is taxpayer fraud on a vast scale that dwarfs any bonus payments someone may not like.

The difference, of course, is that many of the activists who protest such bonuses benefit from government spending and don't mind, or hope to benefit from, the government spending - waste and all.