“In 2002, Jim Minnery of the Defense Finance and Accounting Service spent months traveling across the U.S. trying to locate documentation for $300 million in unrecorded federal spending. The records never surfaced. The money was gone, but there was no clear explanation for how it had been used. After raising concerns that the issue was being quietly written off rather than investigated, he was reassigned.”
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Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts