By Jeff Wright, includes “One of the top 5 most important but under-reported stories of 2014 is the failure of the federal government to complete either a general audit or the specific agency audits mandated by Congress. It should be indisputable, at this point, that the federal government’s spending habits are utterly and completely out-of-control.
In the 90s and early 2000s, the Department of Defense (DoD) failed 7 GAO audits in a row and failed to account for more than $1 trillion in spending. In the decade since, and after continued Congressional orders and demands, the backlog and estimated un-accounted-for spending has grown to more than $8.5 Trillion! The General Accounting Office (GAO) estimates that the current backlog of 24,000 pending audits will NEVER be completed.
The fact that the federal government is completely out-of-control seems to cause nary a ripple in the population. The IRS demands, “under penalties of law…” that every household account for every penny they spend in their tax return each year. However, the federal government thumbs their nose at all Americans every day and says, “Bugger off!” in their own accounting to the people.”
Read the full article on: The Citizen’s Last Stand