By Gautham Nagesh – The Daily Caller 03/01/10 at 2:10 AM
In what has become an annual ritual, the nation’s top accountability officer panned the government’s handling of its finances and estimated accounting errors cost taxpayers almost $100 billion per year.
Acting Comptroller General Gene Dodaro said Friday the federal government likely wastes about $98 billion on mistaken transactions and other improper payments. He also criticized the federal government’s inability to effectively collect taxes or secure its computer systems and pressed for action on financial regulatory reform.
“Problems in the nation’s financial sector have exposed major weaknesses in the current U.S. financial regulatory system. If those weaknesses are not adequately addressed, we could see similar or even worse crises in the future,” Dodaro cautioned.

