The points made in this article are not new. Namely: 1. The government conceals the extent of its operating budget deficit by counting Social Security revenue. 2. The real liability for Social Security and Medicare is huge. Even official figures peg it at $33.7 trillion over the next 75 years. What is unusual is such strong language coming from a mainstream columnist:
“Let me be circumspect: Government accounting is vile garbage.”
“If the executive branch of government were held to the standards of Sarbanes-Oxley, it would be on a fast track to a criminal trial.
“We would forget about Ken Lay because the crimes at Enron are mere rounding errors compared with what our government does.”
Meanwhile, Senators today sharply criticized major airlines for failing to adequately fund their pension programs. Of course they did.
