What? The federal government loses track of the money it dispenses? No one in Washington realized that? Must have been an, um, oversight:
Tracking the spending from the $787 billion economic stimulus package is proving difficult because of shortcomings in the available data, the chairman of the stimulus act oversight board said today.
“I am concerned about data quality,” said Earl Devaney, chairman of the Recovery Accountability and Transparency Board, during a House Oversight and Government Reform Committee hearing. “The federal government's systems have never been fully successful at producing timely and reliable data.”
Congress created the oversight board to monitor spending and help prevent fraud under the economic stimulus law. The board is responsible for developing the Recovery.gov Web site to collect data from federal, state and local agencies to show how the money is being spent.
Never, huh? No kidding. If you think you might get tired of hearing "I told you so" from me in the next few years, allow me to apologize in advance, because I don't think I'll get tired of saying it.