Sunday, August 12, 2012

It's Worse Than Ryan Says.

Somebody has to tell the truth, so USAToday (!!) did it.

The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting [GAAP] rules to compute the deficit, a USA TODAY analysis finds.

Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly four times the official number reported under unique rules set by Congress.

A U.S. household's median income is $49,445, the Census reports.


And of course, the cooked books lying is "Bi-Partisan":

Deficits are a major issue in this year's presidential campaign, but USA TODAY has calculated federal finances under accounting rules since 2004 and found no correlation between fluctuations in the deficit and which party ran Congress or the White House.

Grim is pessimistic about all this.

Umnnhhh....Ryan's smart enough to know that the Feds are lying. His problem is that--despite 14 years up there--he's still a "junior" MC.  There's a certain noblesse oblige which overhangs both Houses of Whores Congress.  Ryan sorta had to keep his mouth shut in order to obtain Chair/Budget.

And that's not likely to change until Romney/Ryan win.  One can only hope and pray that Romney then takes the lead, institutes GAAP (at least as a side-by-side comparison to prior lies) and pushes, hard, for its adoption in Fed budgeting.

Of course, that exposes him to the possibility of assassination by Members of Congress.  He'll have to triple the Secret Service budget before he pulls the blankets off the scam.


Anonymous said...

Your memory is very short.
Here let me refresh it.

"Paul Ryan BEGS Congress to Pass TARP "

What Did TARP Save? (Hint: It Wasn't the Taxpayers)

Dad29 said...

I haven't changed my opinion of TARP, or any other Gummint bailout.


Anonymous said...

...........The problem is that Paul Ryan is not part of the solution. In fact, Paul Ryan is one of the politicians who is even more responsible for the current economic crisis than Barack Obama. Consider his voting record:

YES on Economic Stimulus Act of 2008
YES on $15 billion bailout for GM and Chrysler.
YES on $192 billion additional anti-recession stimulus spending.
YES on prescription drug benefit for Medicare recipients
YES on extending unemployment benefits from 39 weeks to 59 weeks
YES on Head Start Act
YES on No Child Left Behind Act
YES on making the PATRIOT Act permanent
YES on allowing electronic surveillance without a warrant
YES on emergency $78 billion for war in Iraq & Afghanistan................

.........The sad reality is that Romney and Ryan have no intention of rolling back Obama’s policies, but rather refining them............

Bottom line he is a statist, and pro- big bank=fail.