Odumbo Declares, "I'll Veto Any Bill That Mandates Fiscal Responsibilty"....
- Thread starter Scataphagos
- Start date
Quote from Trader666:
Right... just like 3/4 trillion dollars a year in fraud, waste and abuse isn't "too high" because that's a "judgment call."
See.... that's why I've had him on ignore for a lonnnng time.
Of he wouldn't come straight out and use those words... too many people would be clear.... instead he said he'd veto cuts in spending, caps in spending, and a balanced budget amendment.... you know, the fiscal responsibility we need so survive as a free and capitalistic country (what's left of that, of course.)
Quote from Trader666:
Right... just like 3/4 trillion dollars a year in fraud, waste and abuse isn't "too high" because that's a "judgment call."
You're not involved in oversight of any enterprise with hundreds or thousands of people, so maybe you don't know that the same day you hire your first employee is the same day you begin to suffer fraud and waste. It may be nothing more than one employee going home with a pack of post-it notes, but it's always there. You have to ask yourself, when you manage, what you can live with, what you have to live with, if you don't want to micromanage and run your business into the ground.
Now, is $750 million in fraud and waste "too high"? Probably, if it is indeed fraud and waste, because what I think is wasteful you may think is necessary, and vice versa. So that's where judgement enters. Of course one needs to know the rate of abuse, too. $750 million over $75 trillion (to make my point only) is not a bad rate. I've seen estimates that well governed systems can always expect, on average across sectors, around 3% fraud. Some sectors are tighter, some looser.
