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Measuring-Managing-whatever

Posted by: admin 15 years, 3 months ago

How big is the government? Nobody knows:

As anticipated, the federal government flunked its audit for fiscal 2006, with $797 billion, or 53 percent, of its reported assets and an additional $790 billion, or 27 percent, of net costs, on the balance sheets of five agencies that could not be fully audited.
....
As it did last year, the Government Accountability Office cited three major shortcomings: financial management problems at the Defense Department, an inability to account for and to reconcile balances that cross agency lines and an ineffective process for preparing financial statements.
Instead of debating whether we should be measuring the deficit against GDP or if deficits matter at all or pointing out that there is no way to measure the net benefit of a new aircraft carrier, how about just showing that you know, and therefore in some way value, what you have as assets? Auditing is like blocking and tackling. If you don't care enough to do the basics, you will never win.

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