RCU Forums - View Single Post - AMA's 2019 Tax filing - the financial implosion continues
Old 01-12-2021, 04:09 PM
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init4fun
 
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Originally Posted by Retiredat38
Consider this if you will. Except for the scale of it all, how different is the AMA from our own Federal Government?.....
The major difference is that the federal government has the power to continue "deficit spending" for as long as it so desires by kicking the financial can further and further down the road , whereas for the AMA it appears the time will soon come that the income isn't satisfying the financial obligations , with no apparent means of increasing that income . And since the AMA can't print money like the federal government can , it's either time for some major cost cutting or else it's future ain't looking all that rosy to me ......