$21 trillion of unauthorized spending by US govt discovered by economics professor

From 16 Dec, 2017: “The US government may have misspent $21 trillion, a professor at Michigan State University has found. Papers supporting the study briefly went missing just as an audit was announced.”
$21 trillion of unauthorized spending by US govt discovered by economics professor
© Lee Jae Won © Reuters

The professor would not suggest whether the missing trillions went to some legitimate undisclosed projects, wasted or misappropriated, but believes his find indicates that there is something profoundly wrong with the budgeting process in the US federal government. Such lack of transparency goes against the due process of authorizing federal spending through the US Congress, he said.

Interestingly, in early December the authors of the research discovered that the links to key document they used, including the 2016 report, had been disabled. Days later the documents were reposted under different addresses, they say…”

Full story: $21 trillion of unauthorized spending by US govt discovered by economics professor — RT News

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