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Politics & Current Affairs —

Hiding Fannie and Freddie

“The government’s current policy to leave a great deal of its liabilities off-balance sheet makes the U.S.’s current debt levels look a lot more favorable than they really are,” writes Daniel Indiviglio.
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“The government’s current policy to leave a great deal of its liabilities off-balance sheet makes the U.S.’s current debt levels look a lot more favorable than they really are,” writes Daniel Indiviglio. “Future entitlement costs, for example, are already accrued, but remain included as unfunded liabilities, so aren’t taken into account when the government talks about its debt.”

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