Summary
Stewardship means addressing others' needs, not their wants. The current poster child for this is the stimulus. What concerns the author is the potential effect this might have in the near term and the long term. The other aspect of stewardship is financial. Government has no money or assets of its own. It is a steward of the money and resources it collects from citizens and taxpayers. This is where accountability comes in. Transparency should be at the core of accountability. The key aspect of this is likely the relationship between the federal government and state and local governments. As federal agencies develop guidance on criteria and reporting for the stimulus programs, it is essential that they engage state and local governments now before the concrete sets on rules and policies.
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Extract
Controller's Corner
Our latest buzzwords are accountability and transparency. Don't get me wrong - they are good words and important words and they are words we will hear constantly as the stimulus spreads across the land.
Let me start with the word that bookends accountability and transparency-stewardship. Many words can convey the concept of having an obligation to others, but I have a fondness for stewardship. To me it m...See the full content of this document
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