The Government Breaks Through On Deficit Reduction, Will Lower Social Security Payments
It's well known that the US government is broke, and if it used accrual accounting instead of cash accounting it would be staggeringly worse, as all of its future liabilities would be shown. Knowing this, government officials are working tirelessly (and even on some weekends, much to the dismay of Jack Lew) to find ways to reduce spending.
Thanks to all of those long nights scrubbing the budget line by line, a way to save costs has finally been found. As MarketWatch reports,