If you think Mr. Trump is just blowing smoke when he rails against Washington’s bloated bureaucracy, you’d better sit down and brace yourself for a series of shocks …
Shock #1. The federal government’s complete failure to pass its audit: Just four days ago, the Government Accountability Office (GAO) released its full audit report covering fiscal year 2016 … and it’s a disaster:
The U.S. government failed the audit on about 34% of its assets.
This is crazy. When you run a public company, if your books are so botched up that your auditors refuse to give you a clean bill of health, it’s the kiss of death. But for the federal government, it’s routine; Uncle Sam has failed his audit in every single one of the past 20 years.
Here’s what’s new: Mr. Trump is the first president since Ronald Reagan with an explicit agenda to disrupt the status quo. Will that include a reorg that cleans up the mess? That remains to be seen. But if ever there was a president who has explicitly expressed the intent to tolerate some disruption for the sake of long-overdue fixes, Trump is it.