[CAF Note: Now that fiscal year, 2013 is underway, the focus is shifting to the changes underway to reengineer the federal finances. I will be writing a lot about how you can “jump the curve” on the household and community impact. Check out the upcoming quarterly wrap up on the Solari Report next week for an introduction to this topic. The federal budget reengineering depends on an official story that is deeply false. However, it helps to understand the official story to understand the lies being spun. Here is one presentation. One of the goals of the following video is to affirm the credibility of David Walker, former head of the GAO, who is being positioned as the “fiscal cliff liar-in-chief.”]
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What’s at Stake? A CPA’s Insights into the Federal Government’s Finances offers guidance for policy makers and the public on how the US government’s financial statements can be used for greater understanding of the nation’s fiscal health. Gregory Anton, CPA, CGMA, AICPA Chairman of the Board of Directors, offers a non-partisan and clear analysis into why the financial statements provide a different perspective compared to the annual budget. With this video, the Institute seeks to raise awareness of this distinction, call attention to how and why the financial sustainability of our country is at stake. The CPA profession calls on both policymakers and the public to engage in a national dialogue to improve our country’s fiscal health.
Related Reading
- Fiscal Year 2011 Financial Report of the United States Government
Financial Management Services
Budget of the United States Government, Fiscal Year 2013
Office of Management and Budget
A Citizen’s Guide to the 2011 Financial Report of the U.S. Government
Financial Management Services
United States Fiscal Cliff
Solari
U.S. Households Face Tax Increase from 2013 Fiscal Cliff
Solari
