In deed.
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Are you still mad about loosing that bet?I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio
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He was thinking about another bet that I offered. where he would take the gov't's projections. He would have been hosed in that one too.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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Originally posted by Kidicious
There's a good reason for the federal govt not to include expenses that are only incurred, because that is not money that is put into the economy. The deficit is a way to account for money that is actually put into the economy.
Standard accounting procedures make sense for corporations, because porjected revenues and expenditures should be reflected in value of the company and thus in the price of the stock.
With governments, it's different. The deficit should be measuring the income into vs. the outgo from the Treasury. It has nothing to do with the "value" of the nation. Thus, the inclusion of future expenditures would be misleading.
That having been said, the article points out a second problem, namely, that in departments such as the DOD, the accounting is unaccepatble inaccurate. We have to clean that up. -- And BTW, the Bush Administration's failure to include the cost of the Iraq in the budge is unforgivable!
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The Canadian Magazine MacCleans thinks out deficit is a huge problem that endangers the Canadian economy.Try http://wordforge.net/index.php for discussion and debate.
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Originally posted by Oerdin
The Canadian Magazine MacCleans thinks out deficit is a huge problem that endangers the Canadian economy.You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo
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