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  #3521  
Old 01-10-2013, 03:17 PM
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I've probably pointed this out before but in case I haven't, the public debt is largely a function of the difference between public and private accounting.

In the private sector when FPL borrows money to build a power plant, it shows up in their books as an asset and liability - a wash. The only expense is the depreciation and interest on the debt - and those happen over time.

When the government buys anything, it is immediately expensed and there is no asset. So if they build a federal building the construction costs are an immediate expense even though they have an offsetting asset that is never booked.

If the private sector was using public accounting, damn near every business would be in debt up to their eyeballs.
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  #3522  
Old 01-23-2013, 07:08 PM
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Anyone catch any of the Clinton hearings today? I think it made me realize the Tea Party people are right, we are doomed. After hearing the questions and the Clinton responses with things such as "because it is the law?" I realize these ultra conservatives are going to destroy the country. The fact the people they elected don't know basic law, good God help us.
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  #3523  
Old 01-23-2013, 08:43 PM
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I didn't see all of the hearing, but what I did see Hillary looked solid. She didn't back down from the clowns and she showed genuine emotion in telling her side of the story. I think the R's need to spend all of that grey-sourced money and buy themselves a clue. Don't F with Hillary. You don't live with Bill for that long and not know how to handle all kinds of situations.
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  #3524  
Old 01-23-2013, 08:45 PM
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Quote:
Originally Posted by BurnTHalO View Post
Anyone catch any of the Clinton hearings today? I think it made me realize the Tea Party people are right, we are doomed. After hearing the questions and the Clinton responses with things such as "because it is the law?" I realize these ultra conservatives are going to destroy the country. The fact the people they elected don't know basic law, good God help us.
Many of the questions were from Hannity, Breitbart, and other FOX news dopes. These tea baggers are morons. Nothing to see here.
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  #3525  
Old 03-10-2013, 05:32 PM
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We are all going to die. http://science.nbcnews.com/_news/201...strike-florida
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  #3526  
Old 03-13-2013, 10:48 AM
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Lt Governor Jennifer Carroll resigned a day after being questioned by authorities about her relationship with an Internet Cafe company. The head of the cafe was arrested on Tuesday on charges of racketeering.

Stay tuned.
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  #3527  
Old 03-13-2013, 10:55 AM
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Way to pick a winner Scott.
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  #3528  
Old 03-13-2013, 11:28 AM
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  #3529  
Old 03-13-2013, 11:53 AM
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Way to pick a winner Scott.
He has kept his campaign promise. When he ran his hospital company, his top aids were caught up in scandal. He is just running government like his business.
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  #3530  
Old 03-13-2013, 03:22 PM
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+ YouTube Video
ERROR: If you can see this, then YouTube is down or you don't have Flash installed.
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