Most business owners just can’t make it these days without great accounting software right? Whether it’s Quickbooks, Quicken or some other accounting package, once learned, mistakes are often minimal or discovered easily—so where is the U.S. Government missing the mark?
Former Fed chairman Alan Greenspan’s recent statement that we can simply print more money can be interpreted in two ways. Is he bonkers, or he is trying to make a point about our fiat system? Even in the game of Monopoly, it doesn’t pay to print more money.
Standard and Poor’s–aka S&P–has roamed outside its prescribed jurisdiction in downgrading the United States’ credit rating. Let’s look at this agency. Not only does S&P refuse to admit its accounting errors, it’s also under scrutiny for possibly leaking information about the downgrade.
There are very few people who are happy with the legislation concerning our nation’s debt ceiling, just signed into law on August 2, 2011. On August 5, Standard & Poor downgraded the USA’s AAA credit rating. Let’s put on our accounting hats and fix this big mistake!
Many online retailers are wondering whether the so-called California Amazon tax is unconstitutional; their hope is that the tax is unconstitutional, which could save their businesses and their incomes.
Chase Bank takes the top position as the country’s number one SBA lender according to their June 2011 press release. The release offers up some interesting statistics on where the money’s going and how new clients can qualify for SBA loans. Is this all true or is Chase Bank promising the impossible?
Are more people cheating on their taxes or has the Internal Revenue Service made it harder to do so with new technology catching illegal deductions or understated income? I was surprised at the statistics on the not so honest, but is the economy making creative tax reporting a necessity?
The headlines trumpet the not-surprising news, “Obama Wants $600 Billion in New Taxes.” Old-school economic policies dictate raising taxes on the wealthy and penalizing businesses for performing well, but these policies are proven losers. Decentralized government and lower taxes are the real answer.
Did you know the average congressman retires on a pension plan that is two to three times more lucrative than those of private sector employees? In fact, disgraced Anthony Weiner is poised to reap over one million dollars in taxpayer-funded pension payouts over his lifetime. Is it time for a change?
The Iraqis are saying that the United States owes them $6.6 billion. But I say hold on a minute, and let’s do some investigating and some basic accounting work.
