“It's a big one — A couple weeks ago it had $800 billion in it, it's the treasury general account”
“We're serving 580+ agencies. And up until very recently, effectively they could say, make the payment and Treasury just sent it out as fast as possible. NO VERIFICATION”
“There's a $500 billion of fraud every year. There's hundreds of billion dollars of improper payments and we can't pass an audit. The consolidated financial report is produced by treasury and we cannot pass an audit”
It's very frustrating how I get bent over and thoroughly examined for an audit on some cryptocurrency I bought in 2018 but the government can just write checks to whoever without any checks or balances this is insane.
That part isn't ""NEW"", it's the sheer number of Govt Agencies....
""580 +"" Agencies is NOT NORMAL for ANY Organization....
Plus the Verification part, where there's No Verification, anyone can sen a Bill to some ""Agency"", an if it isn't verified there, then not verified at the Treasury, the Grift starts an never stops....
Why the absolute fuck doesn't the government follow the same generally accepted accounting practices protocols that corporations have to follow. If you are collecting money you should be able to pass an audit. We the taxpayers have to have the receipts for an audit.
I am tired of rules for thee but not for me mentality of all elected officials.
Don't believe the hype. There is fraud because it's designed into the system. If you wanted no fraud you could change the system. The fact there's one or two or 580 bank accounts is not something that matters.
I knew all of the NGOs money went into one bank account. I didn't know that ALL govn. monies went into one account. Hmmmm. Maybe that's why it's easy to get rich in DC.
Thanks for the gift. "follow the money" is now streamlined.
Yeah, interesting.
Full text
“It's a big one — A couple weeks ago it had $800 billion in it, it's the treasury general account”
“We're serving 580+ agencies. And up until very recently, effectively they could say, make the payment and Treasury just sent it out as fast as possible. NO VERIFICATION”
“There's a $500 billion of fraud every year. There's hundreds of billion dollars of improper payments and we can't pass an audit. The consolidated financial report is produced by treasury and we cannot pass an audit”
Then they can just as easily block payments to certain groups without any verifications either
Then someone explain to me why I need to file my taxes this April
You don’t.
There are WAY too many agencies. WAY, WAY, WAY too many... Gotta get that number down by a factor of at least 10.
58 agencies are more than enough...
if i could u would get 580 upvotes.
It's very frustrating how I get bent over and thoroughly examined for an audit on some cryptocurrency I bought in 2018 but the government can just write checks to whoever without any checks or balances this is insane.
It's very frustrating. It's designed to make everything hard for those that aren't criminal.
It's always been just One Account....
That part isn't ""NEW"", it's the sheer number of Govt Agencies....
""580 +"" Agencies is NOT NORMAL for ANY Organization....
Plus the Verification part, where there's No Verification, anyone can sen a Bill to some ""Agency"", an if it isn't verified there, then not verified at the Treasury, the Grift starts an never stops....
Gee, thanks for all of that Mr Lincoln....
Why the absolute fuck doesn't the government follow the same generally accepted accounting practices protocols that corporations have to follow. If you are collecting money you should be able to pass an audit. We the taxpayers have to have the receipts for an audit. I am tired of rules for thee but not for me mentality of all elected officials.
Since they are in fact a corporation. USA Inc.
Exactly fren!!!
Yes.
And we have computers.
Don't believe the hype. There is fraud because it's designed into the system. If you wanted no fraud you could change the system. The fact there's one or two or 580 bank accounts is not something that matters.
I knew all of the NGOs money went into one bank account. I didn't know that ALL govn. monies went into one account. Hmmmm. Maybe that's why it's easy to get rich in DC.
They told me my social security can't be spent and that it's separate from all of this!!!! Say it ain't so!!!