I read sometime back that the Federal Reserve cannot balance it’s book to less than 200 million a day. If that is true then a complete and through audit is definitely needed. The public needs to know where that money is going, who gets its and those stealing it need to go to jail or be executed.
It is after all the tax payers money.
I can understand with all the financial movement continuously going on why it would be impossible to know exactly how much money there is at an exact moment. In spite of this, however, there should be a detailed report available of all government funded grants and projects on a regular basis. As an example the $500,000 grant recently made to study the mother-daughter obesity issue. Who is getting the money and then who have they given it to and for what purpose.
IMO the funding should come with the provision that reports are filed on a regular defined basis and if they aren’t, the money has to be returned with appropriate steps taken if it isn’t. I know that this will not happen in my lifetime and I have written lots of letters about it, most of which are ignored. But I can still voice my wishes.