I went to school in a state that mandated a fifth year to sit for the CPA exam. I was broke after 3 1/2 years, so after graduation I bolted to another state to work (and sit). Unfortunately, the Master’s in Accounting I skipped covered governmental and non-profit accounting, so I had to teach it to myself.
It never agreed with me, as it didn’t reflect reality. My instincts, it seems, were correct – the “right side” of the federal government’s balance sheet is short a few bucks…actually something like 50 trillion short, when you ignore accrued liabilities.