Creative accounting and the U.S. Government

Creative accounting and the U.S. Government.

Federal regulators have warned banks to be careful about padding their profits with money set aside to cover bad loans. But some of the nation's biggest banks did more of it in the third quarter than earlier this year.

Who are the friends called by the Government when something doesn't work?

Who are the friends called by the Government when something doesn't work?

The Obama administration said it has named a UnitedHealth Group unit to oversee repairs to its health-insurance website and for the first time gave a specific estimate—the end of November—for when the site would be fixed.

The executive vice president of the UnitedHealth Group, which will be responsible for fixing the government's ailing healthcare website, has been a key donor to the president over the years.

The real cause of increased life expectancy

The real cause of  increased life expectancy in the last years is not science or technology.

The real cause of  increased life expectancy in the last years is social engineering and financial engineering in the hands of Government that has been used to create an extreme welfare state through fiscal policy.

It will have unexpected consequences for people coming behind.

How to know if your are on the right track?

How to know if your are on the right track?
When experts say you are wrong.

It is good news that the 'market experts' doubt your project. If they say "you're crazy", your are on the right track, go ahead!

How many government employees work for the 3143 counties in the U.S.?

How many government employees work for the 3143 counties in the U.S.?

1,257,356  government employees work for the 3143 counties in the U.S.

Predictors of success

Predictors of success:

Motivation
Confidence
Pressure
Failure
Passion
Perseverance
Strict discipline
Unyielding demands
Constant learning
Learned creativity
Painful feedback

Why the FED believes that printing money helps its economy.

Why the FED believes that printing money helps its economy.

Military spending
683.7 billion

Wars future spending outside budget
3.7 trillion

Mandatory Spending
Social Security - $860 billion
Medicare - $524 billion
Medicaid - $304 billion
All other mandatory programs - $621 billion. These programs include TARP, Food Stamps, Unemployment Compensation, Child Nutrition and Tax Credits, Supplemental Security for the Disabled and Student Loans.

December 2011, there were approximately 2.79 million civil servants (civilian, i.e. non-uniformed) employed by the US Government.
Nineteen percent of federal employees earned salaries of $100,000 or more in 2009. The average federal worker's pay was $71,208 compared with $40,331 in the private sector.