For A Real Budget Buster...Dean Foust
If President Clinton gets his way, Congress will soon pass an economic package designed to slash the federal budget deficit nearly in half, to about $180 billion, by 1997. But the projection ignores one of Washington's dirtiest secrets: If the government had to abide by corporate accounting standards for the lavish pension plans of federal workers, the sea of red ink would be one-third higher.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- These Guys Want to Lend You Money Against Your Bitcoin
- This Electric Truck Will Probably Beat Tesla’s to Market
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses
- Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’