Tuesday, August 27, 2002
FEDERAL GOVERNMENT COOKING THE BOOKS
The financial statements of many federal agencies are in such dismal shape that the General Accounting Office (GAO) -- the investigative arm of Congress that audits federal accounts -- has been unable to provide an opinion on the government's finances for the past five years. Billions upon billions of dollars go missing every year. Where’s the outrage? Where are the subpoenas? Where are the congressional hearings? Where are the arrests? Where are the tougher new laws and penalties?
The financial statements of many federal agencies are in such dismal shape that the General Accounting Office (GAO) -- the investigative arm of Congress that audits federal accounts -- has been unable to provide an opinion on the government's finances for the past five years. Billions upon billions of dollars go missing every year. Where’s the outrage? Where are the subpoenas? Where are the congressional hearings? Where are the arrests? Where are the tougher new laws and penalties?