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Comptroller: State has $3 billion in stimulus left to spend - Live5News.com | Charleston, SC | News, Weather, Sports

Comptroller: State has $3 billion in stimulus left to spend

COLUMBIA, SC (WCSC) - South Carolina state agencies have spent more than $3 billion in federal stimulus money, Comptroller Richard Eckstrom announced Friday.

Through Aug. 31, state agencies have spent a total of $3.16 billion.

Speaking on the amount of money remaining for the state to spend, Eckstrom said, "$3 billion is an astronomical sum and it's all borrowed money. It's $3 billion worth of deficit spending."

In his statement, Eckstrom criticized what he called the "longstanding practice of overstating the benefits of government spending."

"They used the economic downturn as an excuse to spend on programs they've wanted for years and to dramatically grow government," he said.

Eckstrom said most South Carolinians objected to the stimulus bill. He said that's why he had given access to every person with access to the internet access to the spending done by every state agency.

By visiting http://cg.sc.gov/scstimulus, people can see individual expenditures for every state agency.

"Transparency is an important control against improper spending, and so we owe it to our children and grandchildren -- who'll be paying back this borrowed money -- to make sure the stimulus is done with complete transparency," Eckstrom said.

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