By Harris R. Sherline
May 5, 2008
Let's face it, we're broke. Many of our cities, counties, states and the Federal government have more debts than assets and are spending more money than they take in. And, politicians and bureaucrats are often very good at hiding what they're doing.
Even with audited numbers, the information in government financial reporting is generally presented in a way that is so confusing that both average readers and many professionals don't understand them.
Mark Twain's famous quotation, "Figures don't lie, but liars figure," has never had greater meaning than when it is applied to today's politicians and government accounting.
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'Figures Don't Lie, But Liars Figure'
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