4 ms·
This would encourage the wrong behavior, namely doing accounting shenanigans to put off the recession until your successor takes office.
by dfranke 18y ago
This would encourage the wrong behavior, namely doing accounting shenanigans to put off the recession until your successor takes office.
- yummyfajitas 18y agoThis already happens. Remember how, around 2000, we went from budget "surpluses" (based on projections which assumed the .com bubble would never burst) to deficits almost immediately? Notice how we are bailing out the financial industry, in an effort to postpone problems? (I don't think anyone really believes the bailout will prevent a recession, though it might postpone it.)