Chick Rick Shell game

[white cloud]

It's 1983. Oil prices are in the toilet. The Texas economy is suddenly and unexpectedly reeling. Lawmakers, who happen to be in session, have a choice between big cuts or new taxes. Or they could decide on something creative. Comptroller Bob Bullock and his top propeller-heads find a creative out — a third way to balance the budget. They move up the due dates of the taxes already in place, borrowing from the future by speeding the arrival of money that wouldn't normally have been available until the next budget period.

http://www.texastribune.org/texas-taxes/budget/budget-hole-will-prompt-state-accounting-magic/

[sonias]

1. Enron Accounting 101

No taxes. No cuts. Just some accounting and collection tricks.

It's a damn shame that Bullock taught them how to cook the books, which the Rs took to heart and have done every budget crisis since then.

The problem this year however, is that you can't hide the whole $18 billion deficit with Enron accounting tricks.