Either method of accounting could be considered valid. Both, however, demonstrate gross malfeasance on the part of the government. Private corporations aren't perfect, and some are downright criminal, but I don't know of any that are nearly as bad as the government's "Social Security" program.
Ain't that the truth!
Now we see the whole of the liberal propaganda machine trying to pin the business and government accounting scams on Bush and Chaney. They completely discount the fraud of the Clinton administration. Worse yet, there are a few nitwits on that street who are actually starting to believe that claptrap.
So, excuse me if I cheer every time I hear that the many of the liberal media corporations are slipping towards bankruptcy. That may be the only way we can stop the steady assault of socialist propaganda on the American people.