Billions Lost By Feds

New York Post ^ | May 28, 2002 | By John Crudele

[Beau Schott]

May 28, 2002 -- WASHINGTON complains about deceptive corporate accounting. But the government last year misplaced an incredible $17.3 billion because of shoddy bookkeeping, or worse.

Let me put that into numbers so you can fully appreciate the amount. It's $17,300,000,000 - the price of a few dozen urban renewal projects, a nice size fleet of warships or about half the tax cut that everyone made such a fuss about last summer.

[antonia]

Financial Report of the United States Government

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Updated March 29, 2002

These statements provide summary information on Federal Government operations and financial positions on an accrual basis. Data for the publication are compiled from program agency accounting systems Governmentwide and are reported in the Statement of Financial Position and the Statement of Operations as well as customary notes to financial statements and supplementary tables.

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[Bill Davis FR]

17,400,000,000 is what percent of 2,000,000,000,000?

[Paulus Invictus]

How can we classify most US sheeple: Morons, imbeciles or idiots? Lessee now, how about Demorons, Dimbeciles or RATidiots? Anyone dumb enough to vote for RATS may easily qualify in any of the three categories, but I like Dimbeciles best.

[WIMom]

17,400,000,000 / 2,000,000,000,000 = 0.87%

[1FreeAmerican]

Hmmm.... If the feds tell us the surplus is $127b using their accounting, and then tell us that if they use real accounting methods then there is a $515b deficet. Adds up to $642b difference- missing- where the heck did it go?

[Pagey]

"...misplaced an incredible $17.3 billion because of shoddy bookkeeping, or worse..."

Funny isn't it?No one bothers to think or look into how much "Misplaced Money" there was during the 8 years of #42's wasted occupancy in the White House.I just think that's an interesting fact to point out.

[rohry]

But it would be even better if there were some recourse to the sort of sloppiness, arrogance or criminality that allows the government to come up $17.4 billion short of balancing its books.

Bump for the guys looking at the private sector through a microscope...

We all know that the government is far worse...

[Alissa]

And dem dems just keep on taxin'.

If I may share a personal experience during a Freep when a 'mature' female LIBERAL cozied up to me to ask why I supported Bush. (Note: I'm also a 'mature' female.) I told her I was sick of sending my money to Washington only to get lost in some black abyss. She looked me straight in the eye and said I can't argue with that, and walked away. Of course she was of the age to be a taxpayer vs. some young, college-age rebellious type.

[hsmomx3]

I'll bet these people were all skooled by our government as well. You know 2+2=10,000.

Okay, I'm being sarcastic but could not help myself.

[FlyVet]

3.4 TRILLION IS MISSING?

That's only the tip of the iceberg. 3.4 Tril sounds like the figure Rummy said was missing from the Pentagon alone, right before 9/11.

[Freee-dame]

ROTHSCHILD BROTHERS OF LONDON. In a letter discussing their new banking scheme with fellow conspirators, June 25, 1863, they stated: "The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class. The great body of people, mentally incapable of comprehending the tremendous advantages will bear its burden without complaint".

I saw an off-Broadway play in the 80's called something like "The Rothchild's." I had never heard their story before and found their comment about no need for war if you control the money quite frightening. I tried to find this play somewhere else, but never did.

[Alissa]

I think the United States' taxpayer is way overdue for another temper tantrum! With all the sales, local, hidden, double-taxes, and federal income tax we're mostly working for the government!!

[jackbill]

17,400,000,000 is what percent of 2,000,000,000,000?

Did you go to a government school? It's called long division. Remember?

[jwh_Denver]

Looks like the boys behind the curtain are getting a little extra greedy these days

I don't care as much about what they lose, it's what they WASTE I care about!

[Constitutional Patriot]

Clintons, Cuomo, et al. -- numbered off shore accounts -- not rocket science...

[VOYAGER]

There's a certain bit of irony, of course, that Congress is raking companies like Enron, Arthur Andersen and others over the hot coals for falsified books when D.C.'s own records are pathetically inadequate.

This report, if true, speaks volumes about the credibility of both the House and the Senate of the U.S. Government.

What is more mystifying is the attitude of the American voters toward the incumbent members of both bodies during election time, just reelect the same old liars and thieves, maybe they will change and do better the next term they serve.

Absolutely ridiculously impossible!!