Several accounting changes have taken place in the last few years for states to show more transparency in how they report their pension debt. Continue reading →
Category / debt
California Is Sucking American Taxpayers Dry Through Obamacare
As Medicaid expansion costs from Obamacare starts weighing down state budgets, California is identified as the biggest offender. Continue reading →
Illegal Immigrants Cost Public Schools $44 Billion Annually
Judicial Watch reported how much illegal immigrants cost American taxpayers annually. Continue reading →
Half of American Colleges Will Be Bankrupt Within A Decade
This blog has written several pieces about college debt and the financial wreck of American colleges and universities. Now another financial analyst has come out with worse news. Continue reading →
Do Indiana Public Schools Need Private Accounting Firms Monitoring Them?
The State of Indiana legislators need to break outside the norm and implement strict accounting methods in how public schools spend their money. Continue reading →
Deadbeats: State of Illinois Has Almost $1 Billion In Late Fees From Unpaid Bills
The State of Illinois just recently borrowed $6 Billion to pay past due bills of its $17 Billion backlog. Continue reading →
How Much Taxpayer Money Is Spent On Welfare Each Year In America?
The amount spent just on the federal level is astronomical.
State of Illinois Losing College Students
As the state of Illinois deteriorates politically, more shock waves of its society continues to shake out. Continue reading →
State of Indiana Medicaid Spending Has Increased 114% In The Last Decade
I took a glance at the State of Indiana government budget numbers on Medicaid. The spending for medicaid is not pretty Continue reading →
Debt Bomb: Minnesota’s Pension Debt Explodes Using Real Accounting
The Governmental Accounting Standards Board forces the state of Minnesota to use real accounting standards for its pension calculations and it’s not pretty. Continue reading →
Hoosier Econ 