Yeah, that’s not what I mean and you should know it. If you know anything about accounting, particularly *government* accounting, the sleight of hand occurs not in subtracting 1 from 4 and getting 3. It’s in the definition of what each number is, how it is classified, where it should be placed, categorized and so on ad nauseum. My wife does accounting for a large corporation and works with some good sized numbers and multiple related corporations. It is often anything but straightforward. And she and her office are honest with no political agenda.
You can all me tin foil hattish if you like, it offends me not in the least. But don’t try to sell me the baloney that government accounting is anything straightforward. Or that I am somehow math challenged because I consider the highly politicized federal government and an entity like the Fed to be untrustworthy (har har). I will believe damn little those people say unless I am putting the numbers in the ledger myself.
Accountants or not, they have little credibility. Helicopter Ben says its sunny at high noon, I’m going to look out the window myself before I take his word for it.
Absolutely! There are so many stupid government regulations telling companies how they have to account for inventory and allocating costs that I'm glad I never got into that end of the business.
Totally different than the Fed, which basically creates money out of thin air and buys a bond with the funds. That kind of accounting is very simple in comparison.
But don’t try to sell me the baloney that government accounting is anything straightforward.
I agree, government accounting (ha) is not straightforward at all. Again, very different than what the Fed does.