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To: Kaslin

Remember, the 23 trillion is just the official national debt. There are tens of trillions of unfunded liabilities, which are not accounted for in the governmental accounting.

Any CPA out there, I’ve heard that the government does not use “generally accepted accounting principles”. And for that reason, the unfunded liabilities for programs such as social security, simply aren’t counted anywhere in the finances of the federal government.


6 posted on 12/11/2019 11:25:50 AM PST by Dilbert San Diego
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To: Dilbert San Diego

Americans are unlikely to accept Greek-style austerity to balance our budget.

No politician on either side of the political divide will propose it. They’re not in the business of inflicting pain.

Austerity is as popular as the Typhoid Mary.


13 posted on 12/11/2019 11:47:16 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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