Auditor: Government Will Owe More Money Than Entire Economy Produces

Report finds issues with reliability of government’s financial statements, improper payments

An auditor for the Government Accountability Office told lawmakers  Wednesday that in the next few years the federal government will owe more than our entire economy produces.

Gene Dodaro, the comptroller general for the Government Accountability Office, testified at the Senate Budget Committee to provide the results of its audit on the government’s financial books. Continue reading