The first thing I would say is that if you're not focused on an accrual basis, you're not focused on the long term.
It's easy to make decisions for the short term on the next period you're working on, such as the next budget period for the next fiscal year, for example. It tends to not be focused on making long-term decisions or managing things in the long term for the commitments you made, or the resources you have, like the pension example. You have more of a tendency to not focus on those things and think about the long-term impact.
I would say, from my perspective, one of the negative impacts of that is we end up downloading additional debt or liabilities to future generations as opposed to taking care of some of those and planning for those commitments starting today.
We have to be aware that when we make decisions, we're making commitments not just for today, but for down the road as well.