Friday, 27 November 2020

Joe Biden's transitional fund challenge and budget!


Joe Biden, 2020 US President Elect twitted “here’s the deal: because President Trump refuses to concede and is delaying the transition, we have to fund it ourselves and need your help. If you’re able, chip in to help fund the Biden-Harris transition.”

Emily Murphy, Administrator of General Services Administration (GSA) refused to sign a letter allowing Biden’s transition team to formally begin transition work and this has prevented their access to about $6bn transition fund which is normally funded by the federal government.

These funds are used for obtaining office space, performing background checks on prospective Cabinet nominees, working with the Office of Government Ethics on required financial disclosure and conflict-of-interest forms for incoming nominees, salaries, establishing government email addresses, accessing classified information which might be needed to respond to emergencies that the administration confronts when in office.

Accountants, can we then imagine setting out a working budget for $6bn!?

Of course, just set in a lot of zeros and make sure the expenses for the items listed above add up to $6bn!!

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