I find it hilarious that the Treasury is playing games in order to hide the obese, triple quarter-pounder with cheese chomping elephant in the room. The debt is over $34 trillion and it's growth is accelerating rapidly. Hiding $300 billion with gimmicks is doing what? Trying to convince us that the oncoming locomotive will hit us at 95 MPH versus 100 MPH?
I politely disagree. Your solution addresses only one side of the equation, spending. Plus, many of the spending programs are actually underfunded significantly.
The other side of the equation requires an increase in corporate taxes for a long time to reduce the debt levels. Business has had 50 years of tax cuts and extraordinary share price increases but only support politicians so the corporate neoliberal free market, low taxes and trickle down games can continue ad infinitum.
In any event, a sovereign nation is not and cannot be run as a business enterprise. The accounting machinations forced on the treasury are the direct result of the last sentence of the prior paragraph.
Even so, the accounting does need to be cleaned up and properly allocated and accrued where it should be.
By the way, corporations play the same sorts of accounting games game at the end of every quarter and in their annual statements. Absent detailed cash flow analysis it’s actually very difficult to understand where they stand.
Here's the thing. To stop the bleeding spending has to be cut by 50%, taking into account the necessary refinancing of outstanding debt. Probably more if you take into account the reduction of receipts due to recession/depression. Lying about it only makes it worse, but it doesn't matter. It's not going to happen, it is too late. There will be a debt crisis.
Sovereign entities can do things ordinary people and corporations cannot. Also, Congress can take a longer view but doesn’t, all for vote optics. The issue is income, not costs. Change the corporate tax structure and the problems are partially solved with time. Getting Congress to take a seriously long view will be much harder, but it must be done. Providing properly accrued accounts will help tremendously. So will protecting The People and not viewing them as consumers, chattel or stupid while condoning monopolies to drain their wallets under some misguided guided theory of “free markets” and corporate personage.
I find it hilarious that the Treasury is playing games in order to hide the obese, triple quarter-pounder with cheese chomping elephant in the room. The debt is over $34 trillion and it's growth is accelerating rapidly. Hiding $300 billion with gimmicks is doing what? Trying to convince us that the oncoming locomotive will hit us at 95 MPH versus 100 MPH?
I politely disagree. Your solution addresses only one side of the equation, spending. Plus, many of the spending programs are actually underfunded significantly.
The other side of the equation requires an increase in corporate taxes for a long time to reduce the debt levels. Business has had 50 years of tax cuts and extraordinary share price increases but only support politicians so the corporate neoliberal free market, low taxes and trickle down games can continue ad infinitum.
In any event, a sovereign nation is not and cannot be run as a business enterprise. The accounting machinations forced on the treasury are the direct result of the last sentence of the prior paragraph.
Even so, the accounting does need to be cleaned up and properly allocated and accrued where it should be.
By the way, corporations play the same sorts of accounting games game at the end of every quarter and in their annual statements. Absent detailed cash flow analysis it’s actually very difficult to understand where they stand.
Here's the thing. To stop the bleeding spending has to be cut by 50%, taking into account the necessary refinancing of outstanding debt. Probably more if you take into account the reduction of receipts due to recession/depression. Lying about it only makes it worse, but it doesn't matter. It's not going to happen, it is too late. There will be a debt crisis.
Sovereign entities can do things ordinary people and corporations cannot. Also, Congress can take a longer view but doesn’t, all for vote optics. The issue is income, not costs. Change the corporate tax structure and the problems are partially solved with time. Getting Congress to take a seriously long view will be much harder, but it must be done. Providing properly accrued accounts will help tremendously. So will protecting The People and not viewing them as consumers, chattel or stupid while condoning monopolies to drain their wallets under some misguided guided theory of “free markets” and corporate personage.