-Caveat Lector-
i doubt it, ask Brian Adams maybe he can help...
----------
> From: Peter L. Sroufe <[EMAIL PROTECTED]>
> To: [EMAIL PROTECTED]
> Subject: [CTRL] **** $3,400,000,000,000 of taxpayers' money is missing]
> Date: Saturday, 3 April 1999 3:49
>
> -Caveat Lector-
>
> MAY ALMIGHTY GOD FORGIVE US FOR ELECTING BILL CLINTON!
>
> -----Original Message-----
> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]
> Sent: Thursday, April 01, 1999 10:29 AM
> To: Patriot Net; APFN; Patriots; Patriotawareness; ChristianPatriot;
> y2k-nwo; IP; OPF
> Subject: [Patriot_Net] [Fwd: SNET: $3,400,000,000,000 of taxpayers'
> money is missing]
>
>
> From: [EMAIL PROTECTED]
>
> "Mark" wrote:
>
> > http://www.washtimes.com/news/news3.html#link
> >
> > ------------------------------------------------------------
> > [The Washington Times]
> > [Image]
> > Published in Washington, D.C. 5am -- April 1, 1999
> > www.washtimes.com
> > [(see thetext links at the bottom of the page)]
> > [Image]
> >
> > $3,400,000,000,000 of taxpayers' money is
> > missing
> > ------------------------------------------------
> > By August Gribbin
> > THE WASHINGTON TIMES
> > ------------------------------------------------
> > [T] he U.S. government can't balance its books
> > and can't properly explain how it spent
> > $1.8 trillion last year or account for $1.6
> > trillion in such assets as parks, buildings,
> > missile launchers, tanks and paper clips.
> > That's 1,800,000,000,000 in dollars and
> > $1,600,000,000,000 worth of things -- a grand
> > total of $3,400,000,000,000.
> > The upshot is that, "once again, billions
> > of taxpayer dollars were lost to waste, fraud
> > and mismanagement," says Rep. Steve Horn,
> > California Republican.
> > Mr. Horn, chairman of the House government
> > reform and oversight subcommittee on government
> > management, information and technology, gave
> > that
> > -- Continued from Front Page --
> >
> > assessment yesterday as his subcommittee
> > reviewed the government's attempt to produce a
> > Consolidated Financial Statement.
> > It was the second time in U.S. history
> > that the government has tried to comply with a
> > 1994 law requiring it to account in a
> > businesslike way for the revenues, expenditures
> > and assets of the 24 Cabinet-level departments
> > and agencies -- a total of 70 agencies with
> > some 2,000 components.
> > And for the second time, the statement
> > failed to meet accounting standards acceptable
> > to the General Accounting Office, Congress'
> > investigative arm and the government's official
> > auditor.
> > The accounting failure means the
> > government doesn't employ common business
> > safeguards to know how much money actually has
> > been wasted or stolen. Some lawmakers believe
> > the figure could be in the billions.
> > In general, the GAO concluded that
> > "because of the serious deficiencies in the
> > government's systems, record-keeping,
> > documentation, financial reporting and
> > controls, amounts reported in the financial
> > statements ... do not provide a reliable source
> > of information for decision-making by the
> > government or the public."
> > Mr. Horn calls the accounting performance
> > "dismal." And Rep. Pete Sessions, Texas
> > Republican, who has been working for management
> > reform in the executive branch, said the lack
> > of reliable information has made him feel "like
> > a doctor performing surgery with a blindfold
> > on."
> > Still, the government's accounting has
> > improved. Last year, the GAO approved the
> > audits of just 11 agencies. This year it's
> > expected to give "unqualified opinions" to 13.
> > Comptroller General David M. Walker said
> > that although "major obstacles need to be
> > overcome ... considerable effort is being made
> > by agencies ... and steady improvements in
> > financial accountability are occurring."
> > G. Edward DeSeve, deputy director for
> > management of the Office of Management and
> > Budget, concurred. "The [Clinton]
> > administration supported and created the bill
> > to cause these [accounting] requirements and in
> > time they will provide a tremendous management
> > tool," he said.
> > For that to happen, the executive branch
> > must "properly account for and report billions
> > of dollars of property, equipment, materials
> > and supplies," Mr. Walker testified.
> > It also must correctly estimate the costs
> > of environmental and nuclear cleanups and
> > determine the amount of such liabilities as
> > veterans and health benefits.
> > The executive branch must bolster "serious
> > and widespread computer security weaknesses,"
> > as well as figure out the "full extent" of the
> > estimated billions of dollars improperly paid
> > in major programs.
> > And finally, Mr. Walker said, the
> > government must "accurately report" a basic
> > fact for the first time -- the net cost of
> > running the government.
> >
> > [Image]
> >
> > FRONT PAGE | POLITICS | OPINION | INVESTIGATIVE | INTERNATIONAL |
BUSINESS
> |
> > LETTERS | SUBSCRIBE
> > Copyright � 1999 News World Communications, Inc.
>
>
>
>
>
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DECLARATION & DISCLAIMER
==========
CTRL is a discussion and informational exchange list. Proselyzting propagandic
screeds are not allowed. Substance�not soapboxing! These are sordid matters
and 'conspiracy theory', with its many half-truths, misdirections and outright
frauds is used politically by different groups with major and minor effects
spread throughout the spectrum of time and thought. That being said, CTRL
gives no endorsement to the validity of posts, and always suggests to readers;
be wary of what you read. CTRL gives no credeence to Holocaust denial and
nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
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