Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: tired&retired

Spending continues unchecked.


52 posted on 11/20/2019 4:02:52 PM PST by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 51 | View Replies ]


To: Mariner

People don’t understand government “fund accounting.”

In Fund Accountong, unlike a business, they recognize proceeds of debt issued as revenue. A surplus often means they borrowed extra money.

For example...

“Overall, the budget includes nearly $140 billion from the state’s general fund and more than $60 billion in bond and special funds. And it forecasts a nearly $9 billion surplus, which would make it the largest in more than decade.”


54 posted on 11/20/2019 4:08:30 PM PST by tired&retired (Blessings)
[ Post Reply | Private Reply | To 52 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson