“Then what we’ve done is lay a predicate for this next Congress to deal with where we have $3 of spending cuts for every dollar of revenue increase.”
Related Posts
Does Anyone Think Chris Van Hollen Actually Knows What ‘Enron-type accounting’ Is?
- Caleb Newquist
- January 5, 2011
Anyone?
If you want to call attention to bullshit political games, we humbly suggest, “bullshit political games.” Not this:
“This is a huge loophole for Enron-type accounting … In the rule they pass tomorrow they are going to reiterate that the chair of the budget committee has the authority to come up with his own estimate of the budget impact of various pieces of legislation.”
So aggressive revenue recognition, abusing mark-to-market accounting and SPEs = marginalizing the Congressional Budget Office. Got it?
Dems Accuse GOP Of ‘Enron-Type Accounting’ And Assaults On CBO [HuffPo]
Share this:
Memo to Washington: Please Consider Tax Reform
- Caleb Newquist
- August 4, 2010
“Instead of reprising their partisan, tiresome, and largely unproductive argument about what to do with the Bush tax cuts, President Obama and Congress ought to be asking a very different question: How do we build a tax system capable of generating the revenues we need to fund the government we want in the most efficient and fair way possible?”
Share this:
Off-Balance Sheet Accounting 2.0
- Caleb Newquist
- October 8, 2010
“They will help investors to better understand off-balance sheet risks, and to alert them to the possibility of so-called window dressing transactions occurring at the end of a reporting period.”
~ Sir David Tweedie talking up the new rules that were published by the IASB today.