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Podcast: The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism
Episode: American Government Pension Plans
Description: EFFECTIVE OR EFFICIENT GOVERNMENT DUSE OR DOGE The biggest unrecorded expense to Americans is the unfunded and unreported government pension plans. Approaching $1 trillion for Federal, State and Local employee 124 million employee payrolls. Plus there are unfunded social security funding and health care obligations not recorded or set asides for these ongoing obligations. Effectively, there are no GAAP accounting records just GAS government budgetary system reflecting approved expenditures, taxes and deficit spending that is added to the GDP calculations as a productive expenditure, and added to the budget cash receipts as a productive generated cash receipt ... hiding the...