‘To our US Government: You can’t cut 10%? C’mon!”

Front page headline, February 12, 2013 Wall Street Journal– “Millions Improperly Used Phone Program”.
Business front page headline, February 12, 2013 New York Times– “Waste Is Seen in Program to Give Internet Access to Rural U.S.”

Opposite ends of the political spectrum, but same conclusion. How much more is wasted by the US government that goes undetected or unreported? A 10% cut in federal spending should be a no-brainer to get this country back on a sound fiscal path.

Comments or questions are welcomed.

Bob Bilkie, CFA