If we did Financial Statements like the White House and Congress . . .

By elitecpas | May 25, 2012 | Comments Off on If we did Financial Statements like the White House and Congress . . .

  We would simply overstate your net income by 384%!   Not surprisingly, the White House and Congress speak of the yearly deficit in amounts of 1.3 trillion.  However, if we use the same accounting rules that your business and my business are required to follow, the numbers change to roughly 5 trillion. Most financial…

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What you can learn by adding (and subtracting) 8 zeros

By elitecpas | September 27, 2011 | Comments Off on What you can learn by adding (and subtracting) 8 zeros
government burns our money

Putting things into perspective by removing 8 zeros  It’s amazing what simple math can show: An analysis of the numbers below reveals why the average household budget is far better managed than the budget in Washington!      -Why S&P downgraded  the US credit rating • U.S. Tax revenue: $2,170,000,000,000 • Fed budget: $3,820,000,000,000 •…

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