Um...what?!
gatt
than the official $248 billion deficit - when corporate-style accounting
standards are used, a USA TODAY analysis shows.
The loss reflects a continued deterioration in the finances of Social
Security and government retirement programs for civil servants and military
personnel. The loss - equal to $11,434 per household - is more than
Americans paid in income taxes in 2006.
"We're on an unsustainable path and doing a great disservice to future
generations," says Chris Chocola, a former Republican member of Congress
from Indiana and corporate chief executive who is pushing for more accurate
federal accounting.
Modern accounting requires that corporations, state governments and local
governments count expenses immediately when a transaction occurs, even if
the payment will be made later.
The federal government does not follow the rule, so promises for Social
Security and Medicare don't show up when the government reports its
financial condition.
Bottom line: Taxpayers are now on the hook for a record $59.1 trillion in
liabilities, a 2.3% increase from 2006. That amount is equal to $516,348 for
every U.S. household. By comparison, U.S. households owe an average of
$112,043 for mortgages, car loans, credit cards and all other debt combined.
SOURCE: USA TODAY
Ockham's Razor
"gatt" <LiveFromTh...@gfy.com> wrote:
But we sure do have some tax cuts and guns and butter.
--
"When fascism comes to America, it will be wrapped in the flag and
carrying a cross."
Sinclair Lewis
Lobby Dosser
> Bottom line: Taxpayers are now on the hook for a record $59.1 trillion
> in liabilities, a 2.3% increase from 2006. That amount is equal to
> $516,348 for every U.S. household. By comparison, U.S. households owe
> an average of $112,043 for mortgages, car loans, credit cards and all
> other debt combined.
>
>
Shit! Guess we won't be going to Italy next year.
lein
> In article <135om8ckae2k...@corp.supernews.com>,
Wanna go back to Carteromics?
Bill Shatzer
> On May 29, 11:48 am, Ockham's Razor <Menc...@pdx.net> wrote:
>>In article <135om8ckae2k...@corp.supernews.com>,
>> "gatt" <LiveFromTheClockto...@gfy.com> wrote:
-snip-
>>But we sure do have some tax cuts and guns and butter.
> Wanna go back to Carteromics?
Gee, those are the only two choices?
Just going back to Clintonomics would seem a satisfactory option.
Peace and justice,
chupacabra
> Peace and justice,
>
Shit and piss,
Corky K
>Bill Shatzer wrote:
>
>> Peace and justice,
>>
>Shit and piss,
Nice to see what each of you stand for.
--
Posted via a free Usenet account from http://www.teranews.com
gatt
"Corky K" <Cor...@yahoo.com> wrote in message
news:u0rs53lbpvtsuea7k...@4ax.com...
> Suddenly, chupacabra <bl...@suck.er>, blurted out the following:
>
>>Bill Shatzer wrote:
>>
>>> Peace and justice,
>>>
>>Shit and piss,
>
> Nice to see what each of you stand for.
*cackle*
chupacabra
> Suddenly, chupacabra <bl...@suck.er>, blurted out the following:
>
>> Bill Shatzer wrote:
>>
>>> Peace and justice,
>>>
>> Shit and piss,
>
> Nice to see what each of you stand for.
>