Political Quotes

Deborah Koff Ross: A highlight from the financial report of the United States Government, this official government publication, you can…

On the recordMarch 7, 2006
A highlight from the financial report of the United States Government, this official government publication, you can find this on page 23, of the 26 agencies scored under the President's management agenda, 17 of them were deemed to have ``any of a number of serious flaws when it comes to financial performance.'' Then you go on to page 28, and this is a quote from David Walker, the Comptroller General of the United States of America: ``The current financial reporting model cash-basis accounting provides a potentially unrealistic and misleading picture of the Federal Government's overall performance, financial condition and future fiscal outlook,'' which is exactly why our government requires businesses to not use the cash- based form of accounting, rather accrual-based form of accounting. Yet when you hear from our government, they never want to quote this report. They want to report the budget which uses what the Comptroller General of the United States refers to as an unrealistic and misleading picture, through the cash-based form of accounting. I yield to the gentleman from Georgia, Mr. Scott.
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Deborah Koff Ross
Democratic · North Carolina

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