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GAO report: Federal spending is 'unsustainable'

Posted By -NO AUTHOR- On 01/20/2013 @ 12:31 am In Money,U.S. | No Comments

A newly released GAO report finds that “…absent policy changes…the federal government continues to face an unsustainable fiscal path.” The Government Accountability Office completed its annual audit of the government and the news is just sad. It is no surprise, and it won’t be reported by the mainstream media [properly], but it is sad nonetheless.

Bill O’Reilly comments on a new GAO report which says the U.S. economy will collapse if federal government spending and borrowing policies are not changed.

The report gives a jab at those in the government who do not seem capable of providing accurate financial information. The report said that the federal government “must have ready access to reliable and complete financial and performance information.” This information is needed when audits are done. The “weaknesses” cited in the report are astonishing, and abundant.


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