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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (328854)3/14/2007 4:34:59 PM
From: RetiredNow  Read Replies (1) of 1575998
 
As said before, the "defense budget" is vastly understated.

You are exactly right. Here's a concrete example. Bush and friends asked and got another $120B for Iraq recently. That money was not part of the budget and was not reported as part of our defense budget, since it was outside the budgeting process. Bush has found an effective way of playing games with military spending to make it seem less than it is.

I wish our gov't was held to the same GAAP standards as the rest of the companies in the US. If they did that, Americans would be damn shocked to find out that not only are we close to bankrupt, but our annual deficits are double what is actually being reported through the fudged budgets that are currently published.
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