Comments on: CPAs Should Run the Feds http://www.swifteconomics.com/2009/06/16/cpa%e2%80%99s-should-run-the-feds/ economic wit in a stuffy world Tue, 09 Mar 2010 00:05:31 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Recession | How the Current Economic Climate Affects Pretty Girls, Part II | SwiftEconomics.com http://www.swifteconomics.com/2009/06/16/cpa%e2%80%99s-should-run-the-feds/comment-page-1/#comment-675 Recession | How the Current Economic Climate Affects Pretty Girls, Part II | SwiftEconomics.com Thu, 15 Oct 2009 05:33:09 +0000 http://www.swifteconomics.com/?p=2558#comment-675 [...] into infinity and bailing out of any firm deemed by his board of directors to be a systemic risk, could quite possibly prolong the current recession. Only time will tell on Gentle [...] [...] into infinity and bailing out of any firm deemed by his board of directors to be a systemic risk, could quite possibly prolong the current recession. Only time will tell on Gentle [...]

]]> By: Mark, CPA http://www.swifteconomics.com/2009/06/16/cpa%e2%80%99s-should-run-the-feds/comment-page-1/#comment-279 Mark, CPA Fri, 19 Jun 2009 02:21:15 +0000 http://www.swifteconomics.com/?p=2558#comment-279 Most CPAs have the common sense of a garden slug and the social skills of fence post. They are risk averse and tend to add more red-tape. I should know, because I am one, and my only friends (actual that should read friend) are also CPAs. However, your article makes sense. Before any further expenditure could be made, a detailed financial analysis would have to be completed, and a purchase requisition would have to be completed and approved by the department manager, the deputy director of the agency, the IRS, the DEQ, the supreme court and David Letterman. Because of the complexity of the system, few expenditures would be approved. Thus, our national deficit would instantly turn into a surplus. This article reminds me a thought I had about war. Imagine if all military expenditures had to be approved by a CPA. We would never bomb anyone. Those missiles that rained down on Iraq cost over a millions dollars each. I would have to be assured that each missile would be used cost effectively with a kill rate exceeding the standard benchmark. Instead of firing them with the carelessness of a hillbilly with a 22 rifle, each missile should have to carefully planned and scheduled. Hence, no war. It is a nice thought any way. Most CPAs have the common sense of a garden slug and the social skills of fence post. They are risk averse and tend to add more red-tape. I should know, because I am one, and my only friends (actual that should read friend) are also CPAs.

However, your article makes sense. Before any further expenditure could be made, a detailed financial analysis would have to be completed, and a purchase requisition would have to be completed and approved by the department manager, the deputy director of the agency, the IRS, the DEQ, the supreme court and David Letterman. Because of the complexity of the system, few expenditures would be approved. Thus, our national deficit would instantly turn into a surplus.

This article reminds me a thought I had about war. Imagine if all military expenditures had to be approved by a CPA. We would never bomb anyone. Those missiles that rained down on Iraq cost over a millions dollars each. I would have to be assured that each missile would be used cost effectively with a kill rate exceeding the standard benchmark. Instead of firing them with the carelessness of a hillbilly with a 22 rifle, each missile should have to carefully planned and scheduled. Hence, no war. It is a nice thought any way.

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