For those two people out there who are interested in government accounting comes this article from the National Review that tries to explain why out national debt is actually tens of trillions of dollars more than the Administration is willing to say it is.
It's called cash accounting and massively distorts the true economic consequences of increasing spending while reducing revenues. Whichever accounting system is used, the debts will still come due. In fact, some of the debts are already here and is mounting.
But I guess it's not something that is important to most people (until your taxes go up).
