Quote of the Day

more Quotes

Tuesday, May 24, 2011

What are Standard Accounting Practices?

Wouldn't you like to know.

Well, maybe you would. According to Mr. Data at the blog Still Liberal At 83, this is "a simple 100-year old method of placing earnings in one box and expenditures in another. At the end you know whether you personally or a company you work for made or lost money."

In the course of discussing how King George the Bush managed to turn a Clinton surplus into a deficit, Mr. Data said, "He simply forgot to pay for the wars in Iraq and Afghanistan. It was an honest mistake. He put all the costs in a large box and threw the box into the Potomac River."

Click HERE to read more on Standard Accounting Practices and discover the Republican's Catch 23 through 38.

Warren Langer is a joy to read.

0 comments:

Post a Comment