tag:blogger.com,1999:blog-8537995.post110125310690060248..comments2023-10-29T10:54:58.681-04:00Comments on Vox Baby: Social Security Reform and the BudgetAndrewhttp://www.blogger.com/profile/13514024573333057559noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8537995.post-1101316427924761992004-11-24T12:13:00.000-05:002004-11-24T12:13:00.000-05:00Prof. DeLong's criticism of the Bush administratio...Prof. DeLong's criticism of the Bush administration is clearly disingenuous. He, after all, worked in the Clinton Treasury Dept, and they didn't do what he now chides Bush for not doing.<br /><br />The problem is entirely political. Most people couldn't tell you how the current SS systems works. Neither party wants to be the messenger of the bad news. Does anyone think that if Bush did Patrick Sullivanhttps://www.blogger.com/profile/14948365865741313524noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1101307008869136822004-11-24T09:36:00.000-05:002004-11-24T09:36:00.000-05:00The problem here is the government's cash-basis ac...The problem here is the government's cash-basis accounting method.<br /><br />If the government used accrual accounting, as the private sector is required to do, then the unfunded liabilities incurred for SS and Medicare each year would be reported as expenses making the budget picture visibly way worse than it is presented in the accounts now -- and nobody would ever have believed we were JGhttps://www.blogger.com/profile/11164150812219689611noreply@blogger.com