6.01.2009

It's a numbers thing


With billions of stimulus dollars flowing into the economy, some via historically unprecedented avenues, accounting mistakes were inevitable. And, given the magnitude of the stimulus plan, some of the typos and slip-ups were bound to involve astronomical sums of money. Last month, there was the whole $250-checks-being-sent-to-thousands-of-dead-people thing. Then, last week, we noted that the Labor Department had slipped a footnote onto Recovery.gov that corrected by $10 billion the amount of stimulus money that the department had put in the unemployment trust fund. This week, ProPublica received a copy of a section of California’s corrected application for State Fiscal Stabilization money that fixes an accounting error worth $2.3 billion....

[From Another Tiny ($2.3 Billion) Accounting Mistake - ProPublica]


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