humanities.philosophy.objectivism

On Feb 22, 9:38 am, Mark Sieving wrote:

> You should have read the whole Factcheck

FactCheck.org has obvious left bias.

> article:
>
> "But even under accrual accounting, the annual reports showed
> surpluses of $69.2 billion in fiscal 1998,  $76.9 billion in fiscal
> 1999, and $46 billion for fiscal year 2000.  So even if the government
> had been using that form of accounting the deficit would have been
> erased for those three years."


"Accrual accounting" (basically discounting FICA revenue) is only a
part of the final audit which showed deficits in excess of $500
billion per those years, not including the true liability of Social
Security accounts or government pension funds. Maybe you should have
read the USA Today (hardly a right-wing Republican rag) article.