If a P & L and Balance Sheet were prepared, audited and published on a quarterly basis, and if there was downsizing every quarter there was a loss, immediately, until there was a quarter that was profitable, cities and states would not go bankrupt.
But they hide and obfuscate with the help of the news media.
Most towns, cities, counties and state operate that way, they just keep borrowing and jacking up taxes to pay for their corrupt overspend.
Until now, when there’s no getting more blood from the tax turnip.
Are those some new politically correct acronyms and terms released by the left? Or do they have some sort of socially or sexually deviant meanings?
I know those terms might have some meaning in business but those terms wouldn't apply to government. :-\)