You're about to hear that the budget deficit is falling. Don't believe it, warns Fortune's Allan Sloan. The deficit is much, much bigger than you think.
If a publicly traded corporation tried keeping books the WAAP way rather than the GAAP (Generally Accepted Accounting Principles) way, its auditors would be on the phone to the SEC before you could say "Sarbanes-Oxley."
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Thursday, September 06, 2007
Fuzzy Bush math, like something out of a twisted hollywood movie...
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