Postal Service Spent Crazy Money on Armstrong…

Cyclist Lance Armstrong at the 2008 Tour de Gr...
Image via Wikipedia

No wonder stamps keep going up….

The U.S Postal Service spent $31.9 million to underwrite Lance Armstrong’s pro cycling team during its glory years of 2001 to 2004, approximately 60 to 65 percent of the team’s total budget, according to documents newly obtained from the agency under the federal Freedom of Information Act.

The materials provide the first clear look at how heavily the agency invested in Armstrong and reveal the exact dollar amounts at issue should Armstrong and former team officials be charged with fraudulent use of government funds at the conclusion of an ongoing federal investigation.

Until now, the USPS has gone to great lengths to keep the precise amount it spent on Armstrong a secret. In 2003, the agency’s Office of the Inspector General issued an audit report that was highly critical of the deal but blacked-out specific sponsorship amounts.

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2 Responses

  1. Charles, you and I probably disagree on most everything politically, but I hope that we can both agree that the USPS’s spending of $31.9 million on Lance’s bike team is the exact kind of Government waste we need to stop. Government spending on this is just wrong!

  2. This Lance Armstrong piece – wow. I rooted for him Tour after Tour after Tour on TV and thought, cool, postal service. I thought they bought the team some bikes and stuff, but should have known better. This makes ya want to go postal.

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