SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?


To: 4figureau who wrote (2537)1/9/2003 1:47:53 PM
From: Jim Willie CB  Respond to of 5423
 
Fed deficit $300B (Enron acctg), really $800-900B (in toto)

I am afraid the USGovt invented Enron accounting
in June2002, ONeill announced to the surprise of many that the 2001 fed deficit was not just $125B, but rather $500B

he cited all the off-balance sheet items, together with funding obligations such as Sochacurity
he obviously didnt mention CIA operation funding

whatever the official claimed deficit, double or triple it

some upcoming scandal will blow the lid off USGovt accounting, exposing it as identical to what we decry as "Enron Accounting"

/ jim