One Hundred Million Dollars of Incompetence

By: Mr. Wilson on June 5, 2008
The Nebraska Department of Labor misused Federal funds to the tune of nearly $100 million. You read that correctly: one hundred million bucks. I'm speechless. Heads should roll. Governor Heineman, what say you?

Comments

See what your friends and neighbors have to say about this.

Fletch
June 5, 2008 at 10:10PM

Well, the net result was really only $7 million, give or take.

I know Foley’s not the most popular guy around these parts, but hasn’t he been a pretty good auditor?

Mr. Wilson
June 5, 2008 at 10:24PM

Imagine a company with accountants so incompetent, they screwed up $45 million one way, and $52 million the other. Sure, the net is “only” $7 million, but I can’t imagine any shareholders being willing to forget about the other $90 million worth of incompetence.

As for Foley, it seems to me like he’s been catching a lot of this sort of thing. I don’t know much about auditing so I can’t really say where he rates. But it seems to me like he’s doing something right. Based on the little I know about him, I’d vote for him.

Mr. T
June 5, 2008 at 10:48PM

I concur. Despite what people think of him or his views personally, he seems to be doing an excellent job in this position.

Fletch
June 5, 2008 at 11:26PM

Mr. W., I was of course jesting. I can’t fathom numbers being that far off in either direction. I imagine the employees in question will blame the Feds for having hard-to-read or hard-to-comprehend rules, but seriously… this is stunning.

I was serious about Foley catching a lot of this kind of thing. Methinks he’ll leave no stone unturned in his reign.

Mr. Wilson
June 5, 2008 at 11:56PM

Mr. W., I was of course jesting.

Crud. My Scarcasmometer must be busted. I hate it when that happens.

Dave K
June 6, 2008 at 12:09AM

Foley has been fantastic.  I would vote for again, without question.

A lot of people need to be fired for this screw-up.  Let’s hope there’s a Colleen Seng at the fed level who will forgive the money we may owe.

Fletch
June 6, 2008 at 3:34AM

No, I blame myself. I wasn’t on my game, clearly. You rule!

Gene
June 6, 2008 at 1:26PM

I was reading this article and trying to understand exactly what the DOL was doing, but I don’t think there’s enough information there. I might contact Foley’s office to see if I can get a better understanding.

Share your thoughts with the community.

Commenting is no longer permitted on this post.