Friday, May 25, 2012

America Beyond Broke

A little discrepancy over the actual amount of the Federal deficit has arisen. It is all a matter of arcane numbers and really does not amount to much. Is it a matter of a decimal point, or a comma, or simply millions misplaced? No, nothing like that. Is the issue rising to the level of a billion or billions of dollars (that would really cause concern)? Heaven's no, mere billions does not start to tally the sum- how about trillions more in unfunded obligations that are excluded from the sum thanks to legalized accounting tricks Congress authorized some time back in a glorious CYA- and how about figuring a way to pay when the bill comes due?

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