The surplus was 100% smoke and mirrors. Plastic banana stuff, as Rush Limbaugh (rest in peace) would have said.
It was created on paper by categorizing a bunch of our debt obligations as "unfunded liabilities". Suddenly, when you don't account for ever having to pay stuff off, yowza, you're rich!
The surplus was 100% smoke and mirrors. Plastic banana stuff, as Rush Limbaugh (rest in peace) would have said.
It was created on paper by categorizing a bunch of our debt obligations as "unfunded liabilities". Suddenly, when you don't account for ever having to pay stuff off, yowza, you're rich!