“Obamacare” underscores Washington’s unaccountability to future generations
It is my opinion that the debate in Washington these past few weeks has focused more on political posturing than the long-term fiscal outlook of our nation. Now, more than ever, there is a need for real accountability in federal budgeting and financial reporting. The currently level of government debt, represented by outstanding Treasury bills and other securities, recognizes what the U.S. government has spent on a cash basis system of accounting. While President Obama has
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