Fantasy accounting: how the biggest companies in America turn real losses into paper profits

The problem isn’t that there is no money. It’s the government. Especially if we are talking feds, we don’t have a problem there. The problem is where our elected officials want that money to go. As a country, our officials have consistently cut down on the programs, like pensions, and kept huge amounts of funding for defense projects, etc. It’s about priorities. The money is definitely there.

It leaves me much more concerned about the corporations that refuse to pay their employees, and loose pensions as well.

I work in an accounting field that is government related.

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