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If the government doesn´t know how much
it spends or how much it owes,
how can it know anything?

Washington Examiner, by Mark Tapscott

Original Article

Posted By:grace52, 8/7/2014 10:55:39 AM

When an accountant prepares a balance sheet for a company, the purpose is to measure the firm´s actual financial health, as opposed to the fantasies pushed by the public relations department gnomes. Sales may be up 10 percent, but that doesn´t mean much if the company is swimming in debt, operational expenses are out of control and the bank says forget about getting more credit.

      


Post Reply  

Reply 1 - Posted by: bubby, 8/7/2014 11:09:14 AM     (No. 9956761)

Well the one thing it does know is when you don´t pay your taxes. After the Feds receive your hard earned tax dollars they have no idea what happens to it after that which to me is criminal.

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Reply 2 - Posted by: JonR, 8/7/2014 11:13:05 AM     (No. 9956764)

The problem is that this Federal government is too big and too invasive! Over the years it has grown and grown and grown as special interests spend our tax dollars! If left unchecked, it is going to control if it already doesn´t, every aspect of our lives!

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Reply 3 - Posted by: Doctor P, 8/7/2014 11:46:51 AM     (No. 9956802)

It doesn´t care as the money is not the government´s in the first place.

Yet like all socialist organizations, the end comes when it runs out of other people´s money.

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Reply 4 - Posted by: whyyeseyec, 8/7/2014 1:11:28 PM     (No. 9956902)

Our constitutional republican began dying in earnest in 1913 after enacting the 16th Amendment allowing for the collection of taxes on income. Couple that with the 17th Amendment, also enacted in 1913 and 100 years later, govn has grown into an uncontrollable behemoth swallowing up every red cent in sight along with our freedom of everything. It is just a matter of time before we dissolve into madness. When that happens, those with the most will be targets of opportunity, followed by those with the next most and so on.

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When an accountant prepares a balance sheet for a company, the purpose is to measure the firm´s actual financial health, as opposed to the fantasies pushed by the public relations department gnomes. Sales may be up 10 percent, but that doesn´t mean much if the company is swimming in debt, operational expenses are out of control and the bank says forget about getting more credit.

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