Tag «social security»

Social Security’s Investment Shortfall and US Government’s Financial Deficit Reporting = 64 Madoffs?

“The US Government has engaged in deceptive reporting on its financial performance for the last four decades,” writes World Scientific author Professor Nils Hakansson (University of California, Berkeley) in his book Social Security’s Investment Shortfall.  The concept of the Unified Budget currently employed by the US Government was mooted by President Lyndon Johnson and was …