POLITICAL: “Truth in Accounting” for ALL Goofermental units


The Real Issues You Won’t Hear from the 2016 Presidential Candidates This Election Year
By John W. Whitehead
The Rutheford Institute
November 6, 2015

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The national debt.

Why aren’t politicians talking about the whopping $18.1 trillion and rising that our government owes to foreign countries, private corporations and its retirement programs? Not only is the U.S. the largest debtor nation in the world, but according to Forbes, “the amount of interest on the national debt is estimated to be accumulating at a rate of over one million dollars per minute.” Shouldn’t the government being on the verge of bankruptcy be an issue worth talking about?

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It’s worse than that.

The current 18T$+, on its way to 20T$, national debt in only the tip of the iceberg!

Let’s not forget the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with.

And, what about the States, County, and Municipalities?

Sounds like we need a “Truth in Accounting” law for ALL Goofermental units to follow.

I know in NJ the state pension fund is underfund.

There’s a reason that corporations have gone away from “defined benefit” plans. The Gooferment must do the same.

The Taxpayer can’t be on the hook for an unlimited tab.


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