Sunday, October 3, 2010
Recovery.gov a model for transparency
Recently, the US Government put forth $18 million to create a website that will track government spending in hopes that the economic recovery will be a little easier to accomplish. Programs like Recovery.gov have been put into effect before; however, the office of federal financial management had trouble collecting spending information on a regular basis. There was confusion among corporations on what to report, and how detailed they needed to be. Recovery.gov solves this problem by limiting the spending reports to two levels. For instance. if funds are allocated to states and then redistributed to cities, there's no information on who received the money in the cities.
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A week or two ago, Professor Skosples mentioned in class that a high level French policy maker recently said that the US was adopting more and more concepts from the French model. That's the first thing that I thought of after reading this article, because it seems that Recovery.gov, at a much smaller level, is attempting to fill a void in the market caused by a lack of information. Like indicative planning, it is attempting to collect consumer and supply side information in an attempt to give those who need the info an easy way to access and use it.
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