Medicare, Medicaid: Liabilities?
The Federal Accounting Standards Advisory Board has a proposal for government officials, David Nicklaus writes in the St. Louis Post-Dispatch: Treat future Medicare and Medicaid obligations as a liablity on the balance sheet--to the tune of $39 trillion. No wonder Comptroller General David Walker is still running around the country generating headlines like this: "GAO chief warns economic disaster looms."
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Government Executive Staff Correspondent Alyssa Rosenberg takes a look at news affecting the management and operations of the massive federal bureaucracy.
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