The Admiral Shanahan has it exactly right. If the government doesn't keep accounts, how do they know how much they need for a department? The reason Rumsfield is looking for 2.3 trillion dollars is because they don't keep accounts. I say again, they don't keep accounts, period.
Another thing that most people don't know, the Federal Reserve does not keep accounts. I repeat, the Federal Reserve does not keep accounts such as your local bank does. You send your tax dollars into the bottomless pit called the Federal Reserve. They shovel out the checks for the government accounts as they are requested.
The Federal Reserve does not keep account of the various departments. I repeat, the Federal Reserve does not keep accounts of the various departments. The only conclusion that can be made is that our tax and budget process is one big scam.
Where do you think Arthur Andersen learned his accounting methods? He uses these methods in his work for the Federal government. He is the largest accounting contractor for the Federal government. Wake up America, you see in the Enron debacle. our monetary and tax system.
Not quite right, but pretty much. There is no standardized accounting system, and no integrated accounting. There are thousands of little accounts/books kept all over the government, but there is really 'no accounting for them'.
I am an accountant, and you are correct. It frustrates me no end that I have to balance and account for funds, because people trust me to do it properly, and at the same time the government has no clue how much of my money they brought in or where it went.
And then it has the unmitigated gall to use the force of law to make me send more each year. Time for another Boston Tea Party?
Carolyn