.comment-link {margin-left:.6em;}

Wednesday, December 14, 2005

 

What is GAO and Who is David Walker?

I listened to a past program or rerun on C-Span, which actually took place on March 20, 2005. It involved the interview of David Walker who is Comptroller General of the United States. Prior to this I never gave much attention to the U.S. comptroller or of the GAO or Government Accountability Office. Little did I know, that they serve the longest term of any U.S. position, which is 15yrs.

When Walker was asked by his host Brian Lamb, “Why do we need the GAO?”
Walker responded, “We need the GAO in order to try to help the Congress discharge its constitutional responsibilities to assure the performance and help – pardon me (ph) – improve performance and assure accountability of government for the benefit of the American people, to help it discharge its oversight responsibilities, its authorization responsibilities and its appropriations responsibilities. So, we are the watchdog for the Congress. And I think our primary client is the Congress, but our beneficial client is the American people.”

The GAO seems to be a fairly good agency, which is often called the "congressional watchdog" because it investigates how the federal government spends taxpayer dollars. It gathers information to determine how well executive branch agencies are doing their jobs. Its investigations answer such basic questions as whether government programs are meeting their objectives or providing good service to the public. Ultimately, GAO ensures that government is accountable to the American people.

GAO supports congressional oversight by:
· evaluating how well government policies and programs are working;
· auditing agency operations to determine whether federal funds are being spent efficiently, effectively, and appropriately;
· investigating allegations of illegal and improper activities; and
· issuing legal decisions and opinions

As I mentioned, the GAO seems like a very good agency, which offers some very useful information to Congress, but what good is it if all they do is provide it and it is never utilized. Congress doesn’t seem to be taking the GAO’s advice, if you take a look at the Social Security and Medicare program (to name a few). It does give Congress some accountability but it also puts a lot of pressure on Congress because the information is available to the media and special interest groups. The media and special interest groups can utilize this information to inform the American people on how well the elected officials in Congress are listening to the GAO’s advice. I think it is good that we have “congressional watchdogs” but what good is a dog that just watches and is not allowed to "bite", to ensure reform of some current programs. It is probably the people who need to do the biting by electing officials who stand behind their promises.

Links: <http://www.gao.gov/> and <http://www.qanda.org/Transcript/?ProgramID=1014>

Comments:
Make no mistake: Our mission at Tip Top Equities is to sift through the thousands of underperforming companies out there to find the golden needle in the haystack. A stock worthy of your investment. A stock with the potential for big returns. More often than not, the stocks we profile show a significant increase in stock price, sometimes in days, not months or years. We have come across what we feel is one of those rare deals that the public has not heard about yet. Read on to find out more.

Nano Superlattice Technology Inc. (OTCBB Symbol: NSLT) is a nanotechnology company engaged in the coating of tools and components with nano structured PVD coatings for high-tech industries.

Nano utilizes Arc Bond Sputtering and Superlattice technology to apply multi-layers of super-hard elemental coatings on an array of precision products to achieve a variety of physical properties. The application of the coating on industrial products is designed to change their physical properties, improving a product's durability, resistance, chemical and physical characteristics as well as performance. Nano's super-hard alloy coating materials were especially developed for printed circuit board drills in response to special market requirements

The cutting of circuit boards causes severe wear on the cutting edge of drills and routers. With the increased miniaturization of personal electronics devices the dimensions of holes and cut aways are currently less than 0.2 mm. Nano coats tools with an ultra thin coating (only a few nanometers in thickness) of nitrides which can have a hardness of up to half that of diamond. This has proven to increase tool life by almost ten times. Nano plans to continue research and development into these techniques due to the vast application range for this type of nanotechnology

We believe that Nano is a company on the move. With today�s steady move towards miniaturization we feel that Nano is a company with the right product at the right time. It is our opinion that an investment in Nano will produce great returns for our readers.

Online Stock trading, in the New York Stock Exchange, and Toronto Stock Exchange, or any other stock market requires many hours of stock research. Always consult a stock broker for stock prices of penny stocks, and always seek proper free stock advice, as well as read a stock chart. This is not encouragement to buy stock, but merely a possible hot stock pick. Get a live stock market quote, before making a stock investment or participating in the stock market game or buying or selling a stock option.
 
I read over your blog, and i found it inquisitive, you may find My Blog interesting. My blog is just about my day to day life, as a park ranger. So please Click Here To Read My Blog
 
Post a Comment

Links to this post:

Create a Link



<< Home

This page is powered by Blogger. Isn't yours?