A federal government that is $15.6 trillion in debt is currently
using its “bully pulpit” to run 16 different programs to teach citizens
“financial literacy,” according to the Government Accountability
Office, the accounting agency of the U.S. Congress.
Previously, relying on a study by the RAND Corporation, the GAO had
reported that the federal government operated 56 programs to teach
citizens “financial literacy.” However, it subsequently determined that
16 was a better count of what it called the government’s “significant
financial literacy programs.”
Even among these 16 federal programs that teach citizens “financial
literacy,” the GAO found that there is some duplication of efforts and
no definitive way to measure the programs’ effectiveness.
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2 comments:
What a joke this administration has become. I have never in all my 51 years seen such incompetence, criminality and just plain stupidity. Obama insults my intelligence every time he opens his mouth with another lie that he expects me to believe. For them to fund programs to teach financial literacy is laughable. I have to either laugh or get more pissed off. I choose the former-it keeps me in better spirits.
why do i need to be financially literate? I get everything for free from the government. Since they spend so much they have taught me how to do the same, sit back and spend other peoples money! it's real easy!
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