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posted by martyb on Saturday September 03 2016, @01:37PM   Printer-friendly
from the Rousseff-rousted-—-readies-repartee dept.

Brazil's ex-President Dilma Rousseff has been impeached:

"I don't have political plans for office, but I do have political plans. I'm going to oppose this government," Rouseff told the foreign media Friday, two days after she was impeached by a Senate vote for breaking budget responsibility rules. The 68-year-old leftist leader said although she has been given 30 days to vacate the presidential palace, she will move back to her southern hometown of Porto Alegre next week.

Rousseff also had sharp words for Michel Temer, who was her vice president before taking over as interim president when she was initially suspended from office in May. She warned Temer against straying from the platform the two ran on in 2010 and 2014, adding that if he does, the public would see his government as illegitimate. She also vowed to speak up if his administration tried to crackdown on protests. The pair were initially allies, but Rousseff now accuses him of leading a "coup" in having her impeached.

Also at Bloomberg , BBC, Washington Post .


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  • (Score: 2) by Non Sequor on Sunday September 04 2016, @03:12AM

    by Non Sequor (1005) on Sunday September 04 2016, @03:12AM (#397241) Journal

    Heck in the USA the US Military makes up bullshit numbers in the order of trillions for its accounts, and who will get charged for that? " rel="url2html-28214">http://www.reuters.com/article/us-usa-audit-army-idUSKCN10U1IG

    That's not really an accurate way to say what that article is about. In accounting, your data relating to things that happened (received $X from Treasury, bought $Y in supplies, used $Z in supplies) has to be expressed as a transfer from one account to another. You also have accounts expressing things like budgets, so buying things results in the budget account going down, and another account containing things that you are purchasing going up. Using supplies depletes the account containing things you purchased and increases an account that contains things that you've used up.

    The two entry format results in balance equations between different accounts based on the way that they are systematically set up. Some of the accounts correspond with things like checking accounts and have actual check registers and beginning and end of year balances that can be used to trace what happened. If the accounts are out of balance, it means that you did not properly enter some transaction that took place or you did something screwy that didn't reflect the correct operations for how the accounts are set up, and balancing the books at that point essentially amounts to debugging the data entry and processing, using the amount by which the accounts are out of balance as a diagnostic tool.

    The alternative to doing that diagnostic process, is to treat something as a balancing item and say "whatever is left that I can't explain based on these transactions I logged is surely due to X" and moving on. The money in the cash accounts and the year end inventory have the final say.

    The problem with this is not that you don't know how much you've spent, the problem is that you do not know with certainty what you spent it on. So when they say there are trillions of dollars of forced adjustments in the books, they're tallying up all of the balancing items, some of which are related to the same mistake reflected multiple different ways due to the nested account relationships. This basically means that they were supposed to maintain detailed accounting of a lot of stuff, errors were made in that process, and they have a mess that they lack the manpower to untangle, and ultimately it was force balanced to match what was there at the end of the year (which is the simplest accounting system there is).

    I'd venture a guess that the accounting framework was overspecced and underimplemented.

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