Eliminate the special government accounting system

[Vhauser]

The government uses a unique accounting system that rewards spending and makes it easy to increase budget ‘needs’ because encumbered money is deemed as thought it was spent. There is always a rush late in the year to sign contracts to spend the money, although it won’t actually happen until the following year(s) so it will be viewed as necessary and won’t be lost in the budget for the following year. This rewarding spending. There is not a reason that the government can’t use the same system that all for profit businesses use. This difference only adds to the “smoke and mirrors” that serves to complicate and confuse those who try to monitor. It’s very difficult for even most CPA’s to understand. I’ve been a cpa for nearly 40 years. This would be a huge move toward visibility and accountability. (Side note most educational institutions use the same system as government)