Showing posts with label accounting. Show all posts
Showing posts with label accounting. Show all posts

Thomas Sowell: Hillary And History

No positive accomplishments? No problem.    There are no sure things in politics, but Hillary Clinton is the closest thing to a sure thing to become the Democrats' candidate for president in 2016. This is one of the painful but inescapable signs of our time. There is nothing in her history that would qualify her for the presidency, and much that should   ... MORE

Jeanne Sahadi: The New Debt Ceiling: $18113000000000

The suspense -- or rather, the suspension -- is over.  The U.S. debt ceiling has been reset at $18.113 trillion, the Treasury Department said Tuesday. That new limit on public debt is about $1 trillion above where it stood in February 2014, when lawmakers decided to "suspend" the ceiling through this past weekend. That cool trillion reflects how ... MORE

AP: Obama Relies On Accounting Tricks To Pad Numbers

by Andrew Taylor.   President Barack Obama’s budget is relying on a series of familiar accounting tricks to show $1.8 trillion in deficit reduction over a decade, an amount that would shrink by almost half if they were excluded. But so-called “pay-go” rules officially require tax cuts and new spending on the mandatory side of the ledger to be balanced by  ...  MORE

Congress Poised To Order Audit Of Federal Reserve

by Stephen Dinan.  Rand Paul takes on his dad's cause. After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve’s decision-making. Once championed in Congress by former Rep. Ron Paul, the push to force the country’s central   ... MORE

John Stossel: Taxing Life Away

It's tax time.      I'm too scared to do my taxes. I'm sure I'll get something wrong and my enemies in government will persecute — no, I mean prosecute — me. So I hired Bob. Bob's my accountant. I like Bob, but I don't like that I have to have an accountant. I don't want to spend time keeping records and talking to Bob about boring things I    ... MORE

The IRS Targeted Conservatives Because It Could

by Peter Suderman.    The opening day excuse for the IRS targeting conservative groups requesting tax exempt status was that the IRS was facing an unusual influx of applicants. But that turns out not to have been the case. Applications for tax exempt 501 groups didn’t surge in 2010. In fact, the number of applicants was down in every category from   ... MORE

GAO Now Investigating DHS Ammo Purchases

Why over a billion rounds?  The Government Accountability Office tells Whispers it is now investigating large ammunition purchases made by the Department of Homeland Security. Chuck Young, a spokesman for GAO, says the investigation of the purchases is "just getting underway." The congressional investigative agency is jumping into the fray  ... MORE

The Accounting Trick That Will Haunt Public Pensions

Encouragement for riskier investments. State and local government employee pensions around the country are significantly underfunded. The Governmental Accounting Standards Board (GASB), which is the closest thing that comes to a regulator of public pensions, tells them, through its accounting rules, that the single best thing pensions can do to     ... MORE