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Hey, We're Only 59 Million Negative This Year! That's an Improvement, Right?

By Joseph McDaniel, Esq.

I get a kick out of it when I see any politicians spin things, and spinning is apparently what all politicians do.

Today I was just laughing; if private businesses operated according to the same standards that political entities do, we'd all be starving.

A private business can't say, "GREAT Year! We only lost $59,000,000!"

And that's because the banks and investors for the business would pull the plug in a heartbeat, because they can operate a pocket calculator.

Same thing with ordinary people; if a family said that it had a great year because it only spent twenty million more than it took in...well, they'd need an Arizona Bankruptcy Lawyer, right?


  

Full post as published by Arizona Bankruptcy Attorney Blog on March 26, 2011 (boomark / email).