Occasional reflections on Life, the World, and Mathematics

Posts tagged ‘accounting’

How will we know how many beans we have?

… if we get rid of the bean counters?

I can understand why you’d be annoyed by “bean counters” if, say, you are running a gourmet coffee shop, and your employees keep stopping the production of espresso in order to count the beans. But if, say, you’re running the Congressional Budget Office, I’d say that “bean counters” are exactly what you want. Not Jeb Bush, though. Speaking out in favour of “dynamical scoring”, a procedure (a generous designation) for making budget deficits disappear by counting the positive mojo of conservative principles in the budget on the credit side,

Bush first said he was “all in” for eliminating the “bean counters” who use the traditional “static scoring” method.

The problem with getting rid of the bean counters is, it doesn’t actually get you more beans. There’s no problem disappearing the deficit from your budget with creative accounting, but it doesn’t affect the debt. The creditors aren’t going to take “dynamic scoring” in lieu of payment.

Beans are stubborn things.

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