New Year’s Eve Bureaucrat Binge Costs Taxpayers Billions
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Oct. 1 (Bloomberg) -- The government shutdown is a bridgeway too far, but I hate to admit that the right-wing Republicancaucus sometimes has a point. Just take a look at whatbureaucrats get up to on their equivalent of New Year’s Eve.It’s as wild and crazy a moment for them as it is for revelersin Times Square. The difference is that the functionaries get toblow taxpayer money.
The fun begins about a week before the fiscal year endsSept. 30. The idea is to spend every dollar in that year’sbudget by midnight, or the unspent funds will be lost.