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Ron Johnson: “We just really reclassified a long term liability to a short…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Sen. Johnson in HSGAC Hearing

Published | Video Starts at 05:23

I've always as an accountant I've always been a little bothered by the talk of pre funding the health care plan because we really didn't pre fund it. We just really reclassified a long term liability to a short term liability. Correct. It's really just been a balance sheet entry. Correct. There really wasn't any funding going on. We just borrowed more money. (05:23–05:27)

CLAIM

Asserts that a long-term liability was reclassified as a short-term liability.

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