Governmental Accounting Explained: let’s add, subtract, multiply, divide, and make up numbers as we go along….

You think you suck at math?!  Check this video out!

It’s the “new math” of our U.S. government:  add, subtract, multiply, divide, and make up numbers as you go along….Make the numbers work by making up numbers.  How ingenious.

Of course, we all know how the national debt and the annual deficits will be addressed in the future.  The U.S. government will print more and more money, driving down the purchasing power of the dollar, driving up prices, and shrinking the value of the dollar, in order for the government to pay back $14 trillion in debt with pennies on the dollar!  This new math is brought to you by our Congress and our President.

What a great country America is…if you happen to be rich.

The Barefoot Accountant

About William Brighenti

William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
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