US Today Does the Math on Federal Debt

"Corporations would be required to count these new liabilities when they are taken on — and report a big loss to shareholders. Unlike businesses, however, Congress postpones recording spending commitments until it writes a check."
U.S. funding for future promises lags by trillions – www.usatoday.com: www.usatoday.com/news/washington/2011-06-06-us-owe…lskip

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