NASA's Finances Are Still Hurting

Subcommittees Hold Oversight Hearing to Examine Audit of NASA's Financial Operations

"It only took about half as long to get to the moon as it has taken to clean up NASA's financial performance, but three tries, hundreds of millions of dollars and the hard work of many NASA employees later they have shown definite improvement," said Subcommittee Chairman Brad Miller (D-NC). "I feel the responsibility of ensuring that NASA is a good steward of the resources they are given--resources which ultimately come from the American taxpayers," said Subcommittee Chairwoman Gabrielle Giffords (D-AZ)."


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It's a shame that the politicians are not as interested in ensuring that other programs funded by the taxpayer are being "good stewards" as well.

"The material weakness in FY09 audit were due to NASA's inability to meet accounting requirements by setting an asset value on the Shuttle and Space Station programs."

Good lord, the "problem" that they're talking about is that NASA's financial system can't be audited because they haven't given the auditors a dollar number for how much the Space Station is worth (in a way that is tracible and verifiable.)

This is meaningless.

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This page contains a single entry by Keith Cowing published on December 4, 2009 4:00 PM.

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