Tuesday, July 16, 2013

GAO comptroller says federal government is flying blind, wasting money

The federal government doesn’t maintain a single list of all of its programs, one reason the bureaucracy wasted more than $100 billion on bogus payments last year, Congress‘ chief watchdog said Wednesday.
Comptroller General Gene Dodaro, who runs the Government Accountability Office, said his agency already has uncovered $107.7 billion in inappropriate and excessive payments in 2012, and that total is not yet complete.
Testifying before the House Oversight and Government Reform Committee, Mr. Dodaro also said only 37 percent of federal managers knew if one or more of their programs had been evaluated in the past five years, and 40 percent were uncertain whether any review had been performed.
“Imagine beginning every month not knowing what money you have and not being able to track how much you’ve spent,” said committee Chairman Darrell E. Issa, California Republican. “Yet year after year, that’s where the federal government operates.”

1 comment:

Unknown said...

I think it’s not normal when the government of your country think about themselves not about the citizens. And what about the people who have a financial crisis? Evidently the government is not interested in helping people. But luckily they have some alternatives
faxless loans same day without credit or some another loans and solve their problems in short period. When people need money, the government spends the billions. Hope that the government will be more attentive to people who live in their country. Thanks for the news.