Great Idea...

...filled with common sense. Therefore, it will never happen when politicians are involved:

WSJ.com- We'll Know When They're Serious: "As with corporations, someone from the outside has to decide exactly how to keep the books and inspect them for accuracy. Something analogous to the Federal Reserve, which keeps the awesome power to create money out of the hands of politicians, is needed. Fed members are nominated by the president and confirmed by the Senate for 14-year terms, with a chairman appointed from among them for a four-year term. They can only be removed for cause. A Federal Accounting Board, similarly structured, should set rules for how the government keeps its books and have the power to inspect those books."