Accounting Ethics « Questions for America

Has the US economy lost 7.6, or 11.2 million jobs since the recession began in December 2007?

September 6th, 2010 | Tags: Accounting Ethics, Communication Ethics, CPA Continuing Education

“Why The US Has Really Lost 11.2 Million Jobs This Recession

…while the total US population has increased by 6.8 million from 303.3 million to just over 310 million [between December 2007, and] July 2010, over the same 32 month period, the civilian labor force has declined from 153.9 million to 153.6 million.

If some [...]

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Was it justifiable for the baby boom and their elders, to promise themselves tens of trillions of unfunded benefits, like Social Security, Medicare and Medicaid, for future generations to pay for?

September 1st, 2010 | Tags: Debt, Economic Ethics, Ethics, Risk and Return, Social Security, Tax Ethics, Unfunded Liability

Why would some of one generation

want to covertly confiscate another’s wealth?

It is grossly irresponsible for the baby boom generation

to expect [...]

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Could some who follow statistical irregularities, take advantage of relative unawareness of the many, prior to collective realization?

August 18th, 2010 | Tags: Accounting Ethics, Birth Death, Cognitive Dissonance, Communication Ethics, Financial Ethics, Journalism Ethics

There’s been some suggestions that the payrolls report

had been distorted by the way the Bureau of Labor Statistics

accounts for business births and deaths

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On Unemployment: Why would some compare dissimilar calculations of economic statistics?

August 12th, 2010 | Tags: Accounting Ethics, CPA Continuing Education, Debt, Generational Ethics, Great Depression, Journalism Ethics, Political Ethics, Social Security, Statistics, Unemployment

If you tell a lie big enough and keep repeating it,
people will eventually come to believe it.

The lie can be maintained only for such time
as the State can shield the people
from the political, economic and/or military consequences.

Joseph Goebbels

Statistics mask real economic pain

The jobless rate improved this week. It’s now [...]

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Are we collectively bankrupt?

August 11th, 2010 | Tags: Accounting Ethics, Budget Ethics, CPA Continuing Education, Economic Ethics, Peak Credit, Risk and Return, Social Security

U.S. Is Bankrupt and We Don’t Even Know: Laurence Kotlikoff

Let’s get real. The U.S. is bankrupt.

Neither spending more nor taxing less will help the country pay its bills.

…Last month, the International Monetary Fund released its annual review of U.S. economic policy.

…the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected [...]

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Can some come to irrational conclusions to justify erroneous assumptions?

August 11th, 2010 | Tags: Accounting Ethics, Cognitive Dissonance, Communication Ethics, CPA Continuing Education, Economic Ethics, risk

The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold.

…We trace the deeper roots of this failure to the profession’s insistence on constructing models, that…disregard the key elements driving outcomes in real-world markets.

The economics profession [...]

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Sobering Thoughts on the Demographics of the Baby Boom, Savings, Entitlement Benefits and Monetary Policy

August 10th, 2010 | Tags: Accounting Ethics, CPA Continuing Education, Debt, Generational Ethics, Peak Credit, Social Security

If workers earn, pay taxes, spend, save and invest,
while retirees divest, downsize, budget
and draw income and healthcare benefits,
what’s going to happen when more retirees want
what fewer workers may not be able to deliver?

It is incumbent on government to convey to future retirees
that the real resources currently promised to be available on retirement,
will not [...]

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Bruce Bartlett on Tax Cuts and Revenue

August 9th, 2010 | Tags: Tax Ethics

…Tax Nonsense

On July 13, Senate Minority Leader Mitch McConnell, R-Kentucky, asserted that there was no net revenue loss from any of the Bush tax cuts, in defense of an earlier comment by Senator John Kyl, R-Arizona, that all spending increases must be offset so as not to increase the deficit but [...]

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Questions for America

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Has the US economy lost 7.6, or 11.2 million jobs since the recession began in December 2007?

Could some who follow statistical irregularities, take advantage of relative unawareness of the many, prior to collective realization?

Can some come to irrational conclusions to justify erroneous assumptions?

Bruce Bartlett on Tax Cuts and Revenue

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