From the USA Today, we have Dennis Cauchon writing on What is the real federal deficit?
The Bush administration opposes including Social Security and Medicare in the audited deficit. Its reason: Congress can cancel or cut the retirement programs at any time, so they should not be considered a government liability for accounting purposes.
Should I just not count my bills for next month as liability because I could just skip town theoretically? Or because I could commit suicide anytime I wanted?
Happy, happy, skippy, skippy!
Nobody has any liabilities any more. We all live in a fairy-tale universe where trees grow to the sky.
No comments:
Post a Comment