In reply to Harry Markopolos (reality acceptionalist). moar sauces: FAS 158: 2006 accounting rule requiring public companies to account for the cost of future retiree benefits. This standard happened in the wake of worldcom & enron scandals which involved falsely inflated earnings via off-balance-sheet shenanigans. GASB 68: 2012 accounting rule requiring state/local governments to recognize […]
In reply to Leroy. In addition to the listed $33-trillion debt, the US also has $167.7-trillion in unfunded Medicare/Social Security liabilities. pages 183-184: https://fiscal.treasury.gov/files/reports-statements/financial-report/2024/01-16-2025-FR-(Final).pdf That is the present value of the liabilities - the actual future payouts will be much higher. But it is real debt. if your company or state/local government promises pension payouts […]
In reply to RV Scheide. Yes, they strongly recommended, and then agencies required it. The question is WHY did they recommend it. Was it indicated by clinical trials? Did the do any pilot studies or actual kind of validation of the efficacy of the recommendation before it was issued? OR, was it issued out of […]
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