GAO: Millions wasted on gov't cards

GAO: Millions wasted on gov't cards

news.yahoo.com

Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say.

A report by the Government Accountability Office, obtained Tuesday by The Associated Press, examined spending controls across the federal government following reports of credit-card abuse at departments including Defense, Homeland Security and Veterans Affairs.

The review of card spending at more than a dozen departments from 2005 to 2006 found that nearly 41 percent of roughly $14 billion in credit-card purchases, whether legitimate or questionable, did not follow procedure — either because they were not properly authorized or they had not been signed for by an independent third party as called for in federal rules to deter fraud.

(visit the link for the full news article)

This is truly disgusting and it just shows where your hard earned money ends up. Who really knows how long this has been going on for my guess would be longer then 15 months. No wonder the American national Debt is at: 9,443,483,414,613.32$


news.yahoo.com
(visit the link for the full news article)

No wonder this is happening.
Poor get poorer as recession threat looms

and here is the link for the National Debt Clock