GAO Oversight Office at NSA Lies Dormant (click here)
...Intelligence spending has doubled in the last ten years....intelligence oversight capacity has not grown at the same rate....
At least we are getting oversight. Under Bush/Cheney were was no oversight and not only that there were NO BID contracts.
The monies already have a stipulated purpose and I don't see why there would such quick absorption that a 10% gap of accountability would occur. If there is then the monies have to be traced and an accounting made.
The travesty of such an observation is that what did anyone do to stop the exorbitant spending of the Republicans and their lack of accountability? What did anyone do to stop NO BID contracts? What did anyone do to stop a $350 billion 'BAILOUT' program from disappearing without a trace?
The worst of it is that there is absolutely no accountability for the eight years of war spending that went into the Dark Hole of Iraq.
There will be better accountability for the monies spent in this stimulus program than any spending by Congress in the last eight years. That alone is more refreshing then any percentage that will be difficult to track over time.
...The Obama administration's economic stimulus plan could end up wasting billions of dollars by attempting to spend money faster than an overburdened government acquisition system can manage and oversee it, according to documents and interviews with contracting specialists.
The $827 billion stimulus legislation under debate in Congress includes provisions aimed at ensuring oversight of the massive infusion of contracts, state grants and other measures. At the urging of the administration, those provisions call for transparency, bid competition, and new auditing resources and oversight boards....
