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Keyword: gagap

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  • Obama's Chicago Style Accounting

    05/25/2012 7:24:01 AM PDT · by NOBO2012 · 1 replies
    Michelle Obama's Mirror ^ | 5-26-2012 | MOTUS
    ...OK, now I get it – we’re playing by government rules. It’s like Chicago rules only better. Here’s all you need to know: if generally accepted accounting principles (GAAP) were good enough for government work, we wouldn’t have had to invent generally accepted government accounting principles (GAGAP). But you already knew that your government operates by it’s own rules, didn’t you? Anyway, in case you were wondering why you’re just now hearing that the national deficit is actually 6 times higher than previously reported, it’s because of the golden rule. Using these special government rules, we don’t have to count...