IF THESE GUYS CAN’T MAKE HEADS OR TAILS OUT OF UNCLE SAM’S BOOKS: Then America is in far worse financial shape than most of us realize. “These guys” are the green-eyeshade types at the Government Accountability Office, the chief investigative arm of Congress. Katie Watson of the Daily Caller News Foundation Investigative Group says GAO just announced – for the 19th consecutive year – that the federal government’s accounting is so bad that it “did not render an opinion on the federal government’s consolidated financial statements.”
Think about that for a moment. If what GAO is saying is true – and if anything GAO is likely understating the problem – then the federal budget is a tissue of fantasies, the national debt is much higher than the official figure of $19 trillion, and it’s impossible to know how many tax dollars are lost every year to waste, fraud and abuse. And on that happy note, welcome to Super Tuesday 2016!