Government Watchdogs Warn Of Lack Of Oversight For Trillions in President's New Spending Programs

From ABC News:

The Government Accountability Office today issued a report on the $787 billion stimulus bill called "RECOVERY ACT: As Initial Implementation Unfolds in States and Localities, Continued Attention to Accountability Issues Is Essential."

The GAO study asserts that officials from most of the states surveyed "expressed concerns regarding the lack of Recovery Act funding provided for accountability and oversight. Due to fiscal constraints, many states reported significant declines in the number of oversight staff -- limiting their ability to ensure proper implementation and management of Recovery Act funds."

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My Comment: Lack of oversight?!?!?! I am just praying that there will be at least some minimum oversight .... instead of none.