[...] This post was mentioned on Twitter by Tee Grant and S Hardwicke, Sam H. Sam H said: Fed up w/ lack of progress in #government. If Brown is elected, hopefully he can tackle accounting, budgeting & reporting. http://ow.ly/YlMc [...]
This post was mentioned on Twitter by shuddabsailing: @pjgudaitis Once Brown is done with #healthcare, he should set his sights on government spending, agreed? http://ow.ly/YjSy #tcot #teaparty…
[...] Drew Kerr wrote an interesting post today. Here’s a quick excerptSince the original publication of my book, Unaccountable Congress: It Doesn’t Add Up in 1992, federal baccounting/b measures still have not begun to add up. I have long tried to call attention to our inadequate federal budget, baccounting/b, … [...]
Former Congressman and President of Truth In Government, Joe DioGuardi holds "Congresstional Credit Card".
OUR FIVE POINT PLAN:
1.Develop a fair and accurate budgeting, accounting,and reporting process. Convert the current cash basis accounting system used in the annual Congressional budgeting process to the system of "Generally Accepted Accounting Principles" (GAAP) required of publicly traded corporations by the Securities and Exchange Commission.
2.Publish clear and accurate information on the finances of the federal government annually. Use GAAP to disclose all spending and commitments to spend, ensuring our national debt to foreign sources is clearly delineated.
3.Make the Chief Financial Officer's function a Cabinet-level position and remove financial management and reporting functions from the Treasury Department and transfer them to that position. Engage independent auditors.
4.Create a new independent body like the Federal Reserve System to promulgate a sound budgeting and accounting that will prevent political manipulation and conflicts of interest.
5.Tell Congress to implement meaningful reforms now.
Unaccountable Congress: It Doesn't Add Up is a must-read for directly challenging Congress. Learn more..
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January 19, 2010
Tweets that mention Economic “House of Cards” collapsing under $56 trillion burden | Truth In Government -- Topsy.com said (pingback):
[...] This post was mentioned on Twitter by Tee Grant and S Hardwicke, Sam H. Sam H said: Fed up w/ lack of progress in #government. If Brown is elected, hopefully he can tackle accounting, budgeting & reporting. http://ow.ly/YlMc [...]
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This post was mentioned on Twitter by shuddabsailing: @pjgudaitis Once Brown is done with #healthcare, he should set his sights on government spending, agreed? http://ow.ly/YjSy #tcot #teaparty…
Economic “House of Cards” collapsing under $56 trillion urden … — Accounting Blog said (pingback):
[...] Drew Kerr wrote an interesting post today. Here’s a quick excerptSince the original publication of my book, Unaccountable Congress: It Doesn’t Add Up in 1992, federal baccounting/b measures still have not begun to add up. I have long tried to call attention to our inadequate federal budget, baccounting/b, … [...]