Vaudt would rather risk Iowa's credit rating than do his job

[rurallib]

This guy is a real political hack, torpedoing his own boat so his party will win.
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Vaudt's critics note that, despite budget difficulties across the country, only three states failed to submit a complete comprehensive annual financial report for the 2009 fiscal year.

The two others, Missouri and Louisiana, submitted limited audits because of accounting-related issues specific to those states, not because of budget problems in the state auditor's offices, said Kinney Poynter, executive director of the National Association of State Auditors, Comptrollers and Treasurers.

"In my mind, I would think the most important issue the auditor has is to audit the state," said Iowa Treasurer Michael Fitzgerald, a Democrat whose office had to help explain to the state's creditors why the report was qualified. "I mean, do we have a deficit or don't we? When we didn't get a complete audit, it was 'Wow.' Especially when we pick up the paper every day and the guy is involved in the campaigns and doing presentations on future years and this and that."
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The only real reason this was not done is because it would prove all the Republican rhetoric is false.
Not doing the annual report may cause Iowa to lose its favored bond rating and cost the state big bucks.

oops forgot the referehttp:
//www.bleedingheartland.com/diary/4278/vaudt-would-rather-risk-iowas-credit-rating-than-do-his-jobnce: