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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (923829)3/1/2016 10:01:09 AM
From: FJB2 Recommendations

Recommended By
locogringo
TideGlider

  Read Replies (1) | Respond to of 1575767
 
IF THESE GUYS CAN’T MAKE HEADS OR TAILS OUT OF UNCLE SAM’S BOOKS: Then America is in far worse financial shape than most of us realize.

“These guys” are the green-eyeshade types at the Government Accountability Office, the chief investigative arm of Congress. Katie Watson of the Daily Caller News Foundation Investigative Group says GAO just announced – for the 19th consecutive year – that the federal government’s accounting is so bad that it “did not render an opinion on the federal government’s consolidated financial statements.”

Think about that for a moment. If what GAO is saying is true – and if anything GAO is likely understating the problem – then the federal budget is a tissue of fantasies, the national debt is much higher than the official figure of $19 trillion, and it’s impossible to know how many tax dollars are lost every year to waste, fraud and abuse. And on that happy note, welcome to Super Tuesday 2016!

Posted at 8:20 am by Mark Tapscott
March 1, 2016
pjmedia.com