On the recordSeptember 13, 2012
The most important reason that we need to do this, to achieve auditable financial statements, is public confidence.
Source
congress.govThe most important reason that we need to do this, to achieve auditable financial statements, is public confidence.
Stressing that public confidence hinges on passing audit tests.
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More from ROBERT HALE
If we find ourselves taking $52 billion out of that request, as would be required if there is no changes in the Budget Control Act, then the suddenness of that decline will cause serious problems.
We hope that Congress will enact this deficit reduction plan, or an alternative that the President can sign, and then repeal sequestration.
Overall, I think sequestration is living up to its unfortunate reputation for imposing devastating effects on our military.