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NASA's Finances in Disarray

Posted by michael on from the once-the-money-goes-up-who-cares-where-it-comes-down dept.

mwolff writes "Yahoo News has an article about the 'financial disarray' NASA seems to be in after a recent audit showed horrible documentation of funding. 'As NASA sets course for the moon and Mars, the space agency's finances are in disarray, with significant errors in its last financial statements and inadequate documentation for $565 billion posted to its accounts, its former auditor reported.'"

10 of 234 comments (clear)

  1. Interesting related website more details by barenaked · · Score: -1, Troll

    Hmm.. while googling this I found www.peoplesprimary.com/?n=LRHbare

    From the Article:
    There were hundreds of millions of dollars of "unreconciled" funds and a $2 billion difference between what NASA said it had and what was actually in its accounts, which are held by the Treasury Department (news - web sites), PriceWaterhouseCoopers said in its report.

  2. this isn't suprising by lindsay+felton · · Score: 0, Troll

    This isn't the first time this has happened. What do you expect from all the gross mispending of our tax money on shit like space elevators that hardly ever come to fruit? Sorry that this is somewhat a troll, but dammit, it really irks me.

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    my homepage
  3. Netcraft confirms: NASA is Dying by Noose+For+A+Neck · · Score: -1, Troll
    oh Christ why do I even bother?

    But really, doesn't this sound the least bit disturbing? I was an accounting intern at NASA a few summers ago when I was still in college, back when the Enron thing was going on, and I ran into almost universal disgust at how a large organization's accounting arm could be so unprofessional and dishonest. It's a shame that the exact same kind of behaviors like book cooking are now turning up at NASA. I guess things change over the years.

    On the up side, Bush's mandate that they devote their entire budget to the Mars program pretty much guarantees their demise as a government agency, so we should be seeing this type of corruption and taxpayer theft going on for much longer. Not at NASA, at least.

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  4. Interesting related article by Anonymous Coward · · Score: -1, Troll

    here

  5. according to this... by lindsay+felton · · Score: -1, Troll

    yes

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    my homepage
  6. In Soviet Russia... by ztwilight · · Score: -1, Troll

    NASA's finances disarray YOU!

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    Who moved my sig?
  7. This just in... by PatrickThomson · · Score: 0, Troll

    Bear shits in woods!

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    I am one of many. My idea is not unique, nor do I expect my voice alone to sway you. I speak in a chorus of opinion.
  8. hmm by KnacTheMife · · Score: 0, Troll

    The article failed to explore the re-occuring costs of keeping a lid on that faked moon landing...

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    -- "Someone's gotta go back for a shit-load of dimes."
  9. You could invade some more countries for .. by Anonymous Coward · · Score: -1, Troll

    ..that sort of money. I predict that Bush will go after Iran next...

    out.

  10. Re:Obligitory NASA Joke by Anonymous Coward · · Score: -1, Troll

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