[MtnClimber]

DOGE has a lot to tackle.

[ChessExpert]

The Obama/Biden administration has been a disaster.

[ClearCase_guy]

The money situation in this country could be very, very different. Government sucks it all up, “loses it” and then spends it in very bad ways. With any luck, government is about to get a heck of a lot more honest and efficient.

[Thank You Rush]

WHEN do we get to see this? In other words a Financial Statement - P&L - of what the feds do to us. I don’t recall ever seeing one.

Financial Report of the United States Government

The Financial Report of the United States Government (Financial Report) provides the President, Congress, and the American people with a comprehensive view of the federal government’s finances, i.e., its financial position and condition, revenues and costs, assets and liabilities, and other obligations and commitments. The Financial Report also discusses important financial issues and significant conditions that may affect future operations, including the need to achieve fiscal sustainability over the medium and long term.

The Department of the Treasury, in coordination with the Office of Management and Budget (OMB), prepares the Financial Report, which includes the financial statements for the U.S. Government. The Government Accountability Office (GAO) is required to audit these statements. The Financial Report is compiled primarily from individual federal agencies’ audited financial statements and related information included in the agencies’ financial reports. Inspectors General are generally responsible for annually auditing the financial statements for their respective agencies. The agency and governmentwide financial statements are generally required to be prepared in conformity with U.S. Generally Accepted Accounting Principles (GAAP) as promulgated by the Federal Accounting Standards Advisory Board (FASAB).

[Vaduz]

While Congress’s attempts to crack down on improper payments have been all bark and no bite.

Another a dog and pony show in action.

[GOPJ]

The insurance companies that do Medicare Advantage are being paid $100,000 per senior per year - then they bankrupt seniors when they're old and need medical care. All the 'deals' and 'treaties' MUST be looked at.

Hands were greased and billions in bad deal made... Help Elon and Vivek...Help us...

[PeterPrinciple]

improper payments — which are payments made to the wrong people or in the wrong amount

---

When it is our personal money, we tend to correct that right away.....................

[rdcbn1]

Kind of explains how how and why Kamala was able to raise and spend 2.5 billion dollars in the space of a few months.

[nitzy]

At some point, without endless regime change wars, “improper payments”, “proper payments” (ridiculous spending), bailouts, etc...wouldn’t we experience significant deflation?

If we are only experiencing 3%-8% inflation WITH all of that ridiculous spending, imagine how much less it would be if we ran a tight fiscal ship.

Maybe the reason the Republican are so quick to vote for Continuing Resolutions, war funding, bailouts, etc... is because they fear the short term implications of deflation.

[kawhill]

“improper payments”. Maybe that’s why I didn’t get paid, I was unwilling to do the improper or unusual.

[CPT Clay]

Yep

[Mr. Jeeves]

“Improper payments” too often translates to “political patronage” - not laziness or mistakes.

[DPMD]

So let’s see, 10% of trillions is...carry the one...

[higgmeister]

has anybody thought about The DeathList 2025?   Or is this verboten for Presidents?

[Tunehead54]

L8r bump!