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The New Mexico Independent going forward

By | 11.16.11

I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…

New Mexico’s largest university low in popularity

jobs-80
By | 11.10.11

Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.

$1.3 trillion in federal spending unaccounted for, report finds

By | 09.22.11 | 11:54 am

Despite calls for independent bodies to keep government accountable, the Sunlight Foundation’s most recent Clearspending report has found the federal government misreported $1.3 trillion in 2010.

“As the results of Clearspending show, the U.S. continues to lack genuine accountability for government spending,” said Ellen Miller, co-founder and executive director of the Sunlight Foundation. “Spending accountability, data accuracy and independent review will help correct the vast misreporting.”

An Obama administration executive order in response to their earlier findings called for a board to enforce strong federal spending transparency, and the Digital Accountability and Transparency Act (DATA Act) was introduced in the U.S. House this summer to establish a similar independent tracking body. Neither plan has come to fruition yet.

“Although we’ve seen improvements in the past year, the truth is we cannot fully account for how the federal government spends about $1.3 trillion,” Miller continued. “That’s no negligible amount, especially when you compare it to the ‘Super Committee’s’ task of finding $1.5 trillion in deficit cuts.”

The data inaccuracies that caused the $1.3 trillion in misreported funds account for 94.5 percent of all the grant spending data reported in the fiscal year 2008 through 2010, showing only a one percent decrease from misreported funds in 2008.

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