Carney’s accounting change reduces transparency, accountability
- Thread starter DesRicardo
- Start date
the left can not see what they do not want to see
There is absolutely no upside in changing the accounting process other than to present excessive borrowing as a so called investment
they will call pay increases or DEI spending an ''investment'' in people
no. investments are hard assets you could theoretically sell if needed.
nobody can buy DEI spending
Granny Wynne tried this bullshit about 10-15 years ago calling new taxes 'revenue tools" and we all know what kind of financial mess she left behind after she reduced our purchasing power via 'revenue tools'
debt does not care if the loan is spent on operating expenses or 'investments' , like clockwork, interest is due on payment date
an investment should have hard assets the govt could theoretically sell . perhaps sell for pennies on the invested dollar but still theoretically sell
All other spending is really operational
re: capitalize all the immigration costs,
#1. you can not sell that as an asset, it is worthless ie no buyers. therefore it has no value on the balance sheet
#2. despite the need to halt immigration until the housing issue is fixed, the government regularly processes immigration as part of its day to day operations , thus that is an operating cost
Lol, a balance sheet is a statement of assets, liabilities and equity. It is not a consolidated statement of revenues and expenses. That's an income statement. The more you communicate, the more I realize why you are buying all the BS Carney spews, it is because you are easy to fool.
Oh and notice now that you got some context about what's wrong with Carney's platform, there is silence. Either that or you are trying to do some research, which for you will take some time.
You are right.
I used the term balance sheet as a colloquial and common word people use and not as an accounting accurate term.
And I did not respond to your post about what's wrong with Carneys platform because it fell into 2 categories:
- There are things you like that you allege are stolen from conservatives and you don't trust the Liberals to execute on them.
- There are things you don't like and would like done differently which you have spoken about many times and has already been addressed.
Either way there was nothing left to say or discuss so I left it at that.
Yet you didn't even know basic information.
So you shouldnt be talking about accounting lmao.
You are the liar here.
You make no points at all.
You're a scammer pretending to be a Canadian-born citizen that wants open borders.
You have the credibility of a Prince overseas emailing me for my bank information.
I will not listen to your lies anymore. You're a waist of time.
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I think you are trolling me as someone else like a few others have been which I've repeatedly said am not.
Reported.
Why do right wingers go nuts like this when they lose an argument?
I never lied about anything.
What are you even talking about?
You have just been complaining and calling everyone a liar.
