As a result of the conventions of accounting, it may appear this money can be spent twice, as Mr. Elmendorf said is happening. But the truth is, we cannot spend the money twice. It is increasing the debt, and there is no doubt about it.
The speaker addresses concerns about accounting practices and their impact on national debt.
Share
More from Pete Sessions
I view that this Department is failing to protect this country, which is its core mission.
It is very apparent to me that competition is one of those factors that is not part of your equation for the marketplace.
Other voices in this conversation
