More unbelievable facts from the US government’s own financial reports

Jon Alternative Media, Corruption, Economy, Government

Yesterday I told you that the US government had recently released its annual financial report to the public.
And the numbers are pretty gruesome.
For example, the government’s ‘net loss’ in fiscal year 2016 more than doubled, from MINUS $467 billion to MINUS $1 trillion.
It’s astonishing that anyone could manage to lose so much money, let alone in a year where devoid of major wars, recessions, financial crises, or infrastructure projects.
But what else can we expect from an institution that spent billions of dollars to build a website?
Today I wanted to highlight a few other items from the government’s report that are worth repeating:
1) The federal government failed its own audit. Again. (page 37)
Auditors have a bad reputation. People typically conflate ‘auditor’ with the guys at the IRS who harass taxpayers.
This isn’t the case.
Auditors actually work for you.
Their job is to be an independent, objective set of eyes. They go into a company on your behalf and review all the records to make sure that there’s no fraud or deceit.

This post was published at Sovereign Man on February 8, 2017.