The US government does not use accrual accouting

Future liabilities incurred but not paid are not counted as a debit on the books.

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This 2.1 trillion is current only. -_学无止境- 给 _学无止境 发送悄悄话 _学无止境 的博客首页 (263 bytes) () 05/30/2012 postreply 15:09:05

CIA slush fund maybe? -hercules007- 给 hercules007 发送悄悄话 hercules007 的博客首页 (0 bytes) () 05/30/2012 postreply 18:31:03

Some borrowing are excluded, e.g. military. -_学无止境- 给 _学无止境 发送悄悄话 _学无止境 的博客首页 (64 bytes) () 05/30/2012 postreply 20:36:53

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