Recovery plans just a charade

The beams of a distant lighthouse can be hopeful signs of possible rescue for a ship’s distressed crew, fighting on violent waters offshore, but not when the sailors are apparently blind.

Such seems to be our situation today. What is this hope-providing beam of light? It is the financial public accountability, transparency and responsibility pursued by all officials, backed by effective controls, from local to the highest levels. And why don’t the sailors see it?

Frankly, because it does not exist. Current efforts are more designed to convey the impression of a restored normalcy, camouflaging chaotic financial disarray, than to make the advocated and urgently needed changes.

Avoidance to eliminate the roots of this calamity, murky accounting, opaqueness of public accounting, in part to hide deals with private money, toothless audits, shunning existing laws etc., guarantees unabashed continuance of badly failed existing methods, thereby ensuring rapid further decline, with bitter consequences for most of us.

Gunter Milow

Coeur d’Alene