Properly Subversive/Sherman R. Frederick
The term “NGO”, or “Non-Governmental Organization,” hit American lexicon this year after the incoming Trump Administration caught the Biden Administration quietly funneling billions of dollars to Democrat friendly NGO’s.
When you hear the term now, believe me, alarm bells should sound.
And sirens are sounding in California with a proposal from state Treasurer Fiona Ma, above. Ms. Ma is California’s head banker. She manages $92 billion in financial assets.
She wants SB 769 to pass as it creates the Golden State Infrastructure Corporation, a nonprofit organization within the treasurer’s office that would use public and private financing for state infrastructure projects from transportation to housing.
Ma says it’s just a more efficient way to dole out money. Ma’s new NGO would be allowed to make all of its decisions behind closed doors, and none of its records would be available for public scrutiny.
Legislators are trying to fix what they see as the gap between creating an “efficient” NGO spending taxpayer money, and the state’s alleged commitment to open government.
The question in all this is, “Why? Why does the state’s head banker need an NGO to spend taxpayer money without public scrutiny?”
And, at the risk of sounding more jaded than I am, the answer is because it makes it easier to funnel money to friends and family.
That’s the unvarnished truth.
(Read the full column here.)
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