Financial Report of the United States: The Official Annual White House Report

"Think of the federal government as a gigantic insurance company (with a side line business in national defense and homeland security) which only does its accounting on a cash basis-only counting premiums and payouts as they go in and out the door. An insurance company with cash accounting is not an insurance company at all. It is an accident waiting to happen."

Peter R. Fisher, former Bush Administration Undersecretary of the Treasury

"Our objective in preparing the fiscal year 2005 Financi...