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Thursday, January 23, 2025

Report: Federal government can't fully account for its 'unsustainable' spending

(The Center Square) – A Congressional watchdog says it is again unable to determine if the federal government's financial statements are reliable.

The federal government reported net costs of $7.4 trillion in fiscal year 2024, but it couldn't fully account for its spending. The U.S. Government Accountability Office, which is Congress's research arm, said that the federal government must address "serious deficiencies" in federal financial management and correct course on its "unsustainable" long-term fiscal path.
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2 comments:

  1. AnonymousJanuary 23, 2025 at 12:34 PM

    Simple solution. Withhold any further funding for any agency that cannot balance their books.

    ReplyDelete
    Replies
    1. AnonymousJanuary 23, 2025 at 2:34 PM

      I think we should still pay the troops.

      Delete

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