kenneth416 Wrote:
Feb 22, 2013 12:06 PM
Perhaps we should consider the Balance Sheets of the Federal Reserve and the U.S.Government on a consolidated basis--thus cancelling out one's liabilities with the other's assets. The result would not be pretty. Of course, no reputable CPA firm would attest to the Balance Sheet of the U.S.Government, because many of the agencies can not withstand a competent audit, most especially the Department of Defense.