Bad Accounting Not From Andersen

Bruce Bartlett has a good article in NRO Financial about why
US government’s accounting makes Enron look tame
. It’s a good point – and
one Republicans should be hitting on for 2002. The federal government loses
billions of dollars with a shocking regularity. While Congress tries to
throw stones at Enron and Arthur Andersen, they should remember that they’re
living in a financial glass house of their own.