In February 2009, President Obama signed into law a $787 billion stimulus package entitled the American Recovery and Reinvestiment Act -- a spending package intended to "save or create" up to 3.5 million jobs and increase rebuilding infrastructure and consumer spending.
Vice President Biden remarked: "Less than a month into his presidency, the president is about to sign into law what is, I believe, a landmark achievement... Because of what he did America can take a first very strong step leading us out of this very difficult road to recovery we find ourselves with. So, on behalf of our country and its people, Mr. President, let me presume to say: Thank you, we owe you a great deal."
We sure do, Joe. In fact, the United States of America is projected to owe a record $1.6 trillion this year! Not to mention the jobless rate has climbed from 8.1 percent to 9.7 percent.
So where did that $787 billion really go?
Tonight we kick off our week-long "Waste 102" special -- a mission that takes us all across this great nation uncovering 102 outrageous examples of how the government is wasting your hard-earned tax dollars. (This on top of our "Waste 101" countdown from May of last year!)
Follow the countdown the whole week at 9 p.m. ET, concluding with our hour-long special on Friday night. And let us know what you think about the extravagant spending projects we've uncovered!