Posted by taxguru on August 12, 2002
Shady Accounting
Here’s another piece on the crooked accounting long done by our rulers in DC. They have the luxury of being able to declare almost everything as emergencies and thus not counted in the annual operating budget. That is how they can claim to be running a surplus, while still borrowing money. If any real world corporation tried such fraudulent accounting, its executives would be in the slammer. So, what else is new?
KMK
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Tax Guru - Ker$tetter Letter 