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Missing Money Chronology

Missing Money Chronology

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DATEEVENTCATEGORY19340131Gold Reserve Act creates the Exchange Stabilization Fund (ESF). “The fund began operations as of April 27, 1934, financed by $2 billion of the $2.8 billion paper profit th…

The U.S. Statutes Creating Modern Constitutional Financial Management and Reporting Requirements and the Government’s Failure to Follow Them

The U.S. Statutes Creating Modern Constitutional Financial Management and Reporting Requirements and the Government’s Failure to Follow Them

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“About 34 percent of the federal government’s reported total assets as of September 30, 2016, and approximately 18 percent of the federal government’s reported net cost for fiscal year 2016 relate to significant federal entities that, as of the date of GAO’s audit report, were unable to issue audited financial statements, were unable to receive…

The Appropriations Clause: A History of the Constitution’s (As of Yet) Underused Clause.

The Appropriations Clause: A History of the Constitution’s (As of Yet) Underused Clause.

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“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”  ~ARTICLE I, SECTION 9, CLAUSE 7, UNITED STATES CONSTITUTION Table of Contents I. Introduction    A. Appropriations Clause    B. Permanent…