A nondescript government office building
ncindcA nondescript government office building.

The U.S. Government Accountability Office is basically the definition of bureaucracy. It is bureaucrats on bureaucrats on bureaucrats, probably organized into an Excel-like matrix of desks. The GAO will not order lunch before assembling 14 accountants to do an overview of the competing economics.

This morning, it released a 275-page report (short, by its standards) in its “High-Risk Series,” addressing the main economic risks the government faces. It’s an update to the agency’s 2011 offering, noting that two problems cited then (interagency contracting, IRS modernization) are no longer high risks. You know what does pose a high risk to the government’s fiscal health? Climate change. From the report [PDF]:

This year, GAO has added two areas.