USDA Loan Underwrites County Waste

The USDA Cash Cow

With federal dollars drying up, the U.S. Department of Agriculture is lending San Luis Obispo County $86 million with willful blindness to its own policies and the truth about the County’s unaffordable and hazardous $200 million Los Osos wastewater project.

Despite all eyes in Sacramento and Washington, D.C. focusing on federal deficit reductions, the USDA continues to act as poster child for federal agency ineptness and reckless spending of taxpayer money, not to mention the devastating costs for thousands of Los Osos homeowners paying off the loan with interest over 40 years.

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