Rep. Shimkus from Illinois catches Sebellius admitted to financial fraud. The Obamacare bill cuts $500B from Medicare, and spends it twice.
Don’t worry, there’s far greater frauds being committed almost every day in almost every government in our country. If governments had to report their financial status the same way public corporations do, we’d have a clearer picture of how deep in the hole we are. Unfortunately, they don’t have to do any such thing.
The federal government, but the way, is some $67 trillion—$67,000B in the hole. That’s how much it needs in assets to cover the future expenses it has promised to the elderly.