The financial press tends to take CEO hype about their numbers with a grain of salt and focuses on the actual numbers released in the financial statements to get the "real story". By contrast the very same press believes with gap jawed credulity whatever our political leaders tell us about the government's financial performance (for example the simplistic repeating of the fraudulent - but 'widely respected, non-partisan' CBO numbers) and comprehensively ignores the actual, accurate and terrifying Federal Financial statements that were released this week.
It's almost as if the press wants to be lied to.
And what do the actual numbers say? Oh nothing much, just that we are completely, utterly and comprehensively screwed.
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