"Petition To: The White House and Congress
More than $1.1 trillion of federal government money is missing. Our government leaders say they will not account for it. However finding this money could solve all of our federal, state and local budget crises.
Where is the Money?
The Department of Housing and Urban Development Office of the Inspector General has reported that HUD has not and will not account for $59 billion of "undocumentable adjustments."
The Department of Defense Office of the Inspector General has reported that DOD has not and will not account for $1.1 trillion of "undocumentable adjustments."
The "undocumentable adjustments" made by these government agencies are much like the balance adjustments many of us make when reconciling our checkbooks. Except that the amounts are staggering: California's share of the "undocumented adjustments" is $128 billion -- more than three times its current $35 billion budget deficit. The average American's share of the "undocumented adjustments" is almost $4,000 per person.
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Posted by Christine at February 13, 2004 12:25 AM