Accounting Gimmicks Won’t Stop The U.S.A. Titanic From Sinking

The U.S. Government has gone to great lengths in using accounting gimmicks to prop up the financial system and domestic economy.  One area where this is readily apparent is the disconnect between the rising U.S. debt versus the annual budget deficits. Mish Shedlock wrote about this in his article, U.S. Deficit at $590 Billion But…