Reply #3: Look at this way: lack of hypocrisy and reliability of consistency. That [View All]

[no_hypocrisy]

is to say the Federal Budget and its accounting practices are in line with the Arthur Anderson standard of accounting via Enron (among other corporations). You cook the books, you fudge on the numbers through creative accounting, and you hope nobody notices and you get a free pass.

Well, the problem is you can fool some of the people some of the time, but you can't fool all of the people all of the time. When foreign investors realize the magnitude of the our way of doing business within the government and hence throughout the economy, they will pull out of financing our debt. One-third of the revenue to finance our budget gone. Now, where do you think the money will come from to pay for that necessary one-third (1/3) of that missing revenue? Hmmmmmm. Social Security, Medicare, Medicaid, Head Start, loans for college tuition, federal aid to states, public lands, privitatization.

Oh wait a minute. That's the optomistic view. We could be plunged into an economic crisis as Krugman as referred to with regard to Argentina, maybe worse and longer. That's closer to reality.