Let's go over it again
1) Insurance companies confidently compute liability for their current base.
2) The government does not.
Those computations are required by law because they are useful and easy to make.
Government officials avoid that so they can avoid the issue and say, "gee, we have no idea, just trust us", or like Nixon's famous lie (one of many), "Never mind the national debt, it doesn't matter".
Other projections and predictions can be made for increase of base, birthrate, immigration, currency devaluation, legislation and any other variables, all of which have some utility, but less confidence.
What has value is #1 above, showing what the gov't is actually currently commited to, with a high degree of confidence.
The government tries to change the subject to include imponderables, to avoid accountability.
I.e., "Playing dumb" |
