Three cheers for Medicare!
Found via The Big Picture.
I guess Sarbanes-Oxley doesn’t hold any clout over the government. Barron’s ($ required) reports this week that the White House is pulling some goofy financial trickery to make Medicare appear more afloat than it is.
The government fiscal year begins in October. They apparently have a plan to withhold any payments for the last 9 days of this fiscal year and send them out in October. They figure this will save them $5.2 billion on this year’s books. Ta-dah! Free money! Isn’t it funny how that works? Sheesh.