Tuesday, December 28, 2010

Shocker! Fed Gummint "In-Auditable"

Yah, well, at $13Zillion+++ in debt, 'who cares?' might be a valid response.

But here's an interesting graf:

In addition, the GAO said last week it was unable to render an opinion on the 2010 Statement of Social Insurance because of significant uncertainties, primarily related to the achievement of projected reductions in Medicare cost growth.

Let's put that into regular-American-speak: "projected reductions in Medicare growth" translates to "Presidential B.S." (Or, if you have chilluns, that be "Obozo foofoodust.")

HT: Zippers


Anonymous said...

Sort of like Government Motors' books. Shorter opinion - we're "screwed" (and by "screwed", I mean a word which you probably don't want published here).

Anonymous said...

We used to do a lot of that in the old International Banking days.