You could feel whiplash this summer as, on July 25, the media reported that the nation’s second quarter GDP expanded at a “healthy” rate of 2.8%.
This was followed on Aug. 5 with the S&P index nose-diving 3%, attributed by observers to a spike in unemployment and fears of a recession. It was the usual parade of shiny objects — explanations for events that change seemingly with the wind or the politics of the observer — while the objective, well-defined threat to the economy remains hidden in plain sight.
Sleepy Hollow, New York resident Michael Doorley, a certified public accountant and former chief financial officer, has been on a crusade to educate the media and the public as to the dire financial condition of our nation because of uncontrolled debt. He educates civic groups and the media about a document few have even heard of, the Financial Report of the United States Government, prepared annually by the Treasury…
