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#10 | |
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Warpath Hall of Fame
Join Date: Mar 2009
Posts: 35,307
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Re: Supreme Court Upholds Health Care Mandate
Quote:
Again in 2011, the GAO could not "render an opinion on the 2011 consolidated financial statements of the federal government", with a major obstacle again being "serious financial management problems at the Department of Defense (DOD) that made its financial statements unauditable".[19] In December 2011, the GAO found that "neither the Navy nor the Marine Corps have implemented effective processes for reconciling their FBWT." According to the GAO, "An agency’s FBWT account is similar in concept to a corporate bank account. The difference is that instead of a cash balance, FBWT represents unexpended spending authority in appropriations." In addition, "As of April 2011, there were more than $22 billion unmatched disbursements and collections affecting more than 10,000 lines of accounting."[20] So how come we are good with this? Cut the pentagon's budget from ear to ear until we can at least get an audit of there expendures. As a citizen im outraged by this, why arent others?
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