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View Diary: Republicans have no clue how people manage their budgets, Part II (94 comments)

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  •  No one is talking about our public assets... (4+ / 0-)
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    AoT, stagemom, MPociask, schnecke21

    We all tend to forget that the government uses a simple cash flow accounting system that treats all "investments" like schools, post offices, roads, and other infrastructure spending as simple expenditures.

    I'd like to see someone's balance sheet accounting for the government, one that shows assets as well as liabilities, equity as well as debt. I know it's been done at least hypothetically in the past, but I don't know where to find the data. I'm reasonably confident it would show a totally different picture.

    We refinanced last year; if you just looked at our cash flow you'd be convinced that our "spending" was out of control. Not so!

    Can someone dig out that kind of analysis and hit the public in the face with it?

    Think. It's not illegal - yet.

    by jpw on Thu Mar 21, 2013 at 12:58:49 PM PDT

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