Reposting of Watchdog.org article by Johnny Kampis, includes “… The federal government doesn’t hold itself to the same standard, the argument being it has the ability to change the laws regarding Medicare and Social Security benefits at any time, Bergman said. Meanwhile, the federal government lists student loan debt as an asset on its balance sheet (as a bank would), although that debt could be forgiven at any time, which Bergman called “inconsistent.” “We control the law and we can tell you what we owe you,” he said of the feds. “It’s a superior view and wouldn’t be tolerated in the private sector.” …”
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