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$619B Missing From Gov’t Spending ‘Transparency Site’

From an unfazed Washington Post:

USASpending.gov short of data on $619 billion worth of grants and awards

By Nancy Scola | August 5, 2014

Launched in December 2007, USASpending.gov was meant as a way of tapping modern technology to hand the American public the means to track what the federal government spends. But a new report from the Government Accountability Office found that, in 2012 at least, more than $619 billion in federal awards that should be accounted for on the site weren’t.

Mind you, we’re just talking about one year — 2012.

Agencies, GAO found, are generally reporting on the contracts that they hand out. What’s missing from the site are grants and awards, a range of federal spending that covers everything from agricultural development to research on new naval reconnaissance. The absent data represents a considerable slice of the trillion dollars that the U.S. government spends on grants, loans and similar programs in a year…

The issue, says the author of the GAO report, seems often to be that agencies aren’t aware that they should be reporting that non-contract data… [Only] somewhere between 2 and 7 percent of all awards had complete records…

This from the most transparent administration in our nation’s history.

USASpending.gov was launched to great fanfare in 2007, the product of the Federal Funding Accountability and Transparency Act. "Technology makes it possible for every American to know what is happening and to hold elected officials accountable," said one of its congressional sponsors, then-Senator Barack Obama."

Mr. Obama has always been obsessed with holding elected official accountable.

This article was posted by Steve on Wednesday, August 6th, 2014. Comments are currently closed.

One Response to “$619B Missing From Gov’t Spending ‘Transparency Site’”

  1. GetBackJack says:

    .. and I thought Andrew Cuomo was the most brazen thief I’d ever read of when $59 billion went missing from HUD and has never been accounted for

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