Errors and inaccuracies in stimulus report: GAO

Errors and inaccuracies in stimulus report: GAO

www.reuters.com

WASHINGTON (Reuters) - The data collection and reporting from those who received money from the $787 billion U.S. stimulus plan is riddled with errors and inaccuracies, according to a federal audit of the report released on Thursday.

Since the report on where stimulus funding went and how many jobs it created or saved was posted at www.recovery.gov on October 30, news organizations have uncovered faulty data entry and misunderstandings that have raised suspicion about the quality of the numbers.

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What a complete fiasco. They were literally throwing money around blindly.

Representative John Mica, the highest ranking Republican on the House Transportation committee, which is following the jobs effects for a large share of the stimulus money said the GAO report "confirmed that the administration's employment data is based on a system of garbage in, garbage out."

"To the dismay of taxpayers, the costly reporting system is being fed inaccurate information and various agencies cannot even agree on what qualifies as a full time government job," he said.

Now imagine the fiasco they'll have if they ever attempt to audit the Fed. Accounting for the stimulus funds would be nothing more than a warm up for that herculean task.

www.reuters.com
(visit the link for the full news article)