Monday, April 10, 2006
Pro forma war numbers
It should be remembered that the costs of the Iraq war are being kept “off-budget” through the use of “emergency supplemental appropriations”, and so do not contribute to the officially reported totals for the budget deficit. The process is akin to the use of “pro forma numbers” by WorldCom and others to defraud billions from markets: a process that ended with the biggest bankruptcy in history.
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1 comment:
Perhaps we could have Kocinich or Joseph Cirincione publish the military "emergency supplemental appropriation's total" next to the budget deficit as an official part of the budget report. Mary
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