The Government Accountability Office has once more canned the Internal Revenue Service for its sloppy internal controls, legacy systems and dodgy information security.
Would you like poverty with your war? The head of the GAO also warned that if no action is taken now to control government spending, severe tax hikes could be necessary. He stated that, "balancing the budget in 2040 could require actions as large as cutting total federal spending by 60 percent or raising federal taxes to 2 times today’s level."
The Federal Emergency Management Agency (FEMA) has lost tens of millions of dollars through improper and fraudulent payments. A report from the GAO shows the agency is a complete mess. Much like the Bush Government’s ethnic cleansing efforts in New Orleans.
The Securities and Exchange Commission, panned by Congress for its handling of a trading probe, is now under investigation from the Government Accountability Office. Questions are now being asked whether the agency gave special treatment to a major fund-raiser for President Bush.
