These soon to be taxpayer liabilities are connected to the already existing $1 trillion in pension shortfalls state & local governments have
Tag / Debt
Town In Illinois Starts Laying Off Police Officers & Firemen Because Of Pension Crisis
Cracks in the Illinois pension system are now starting to turn into breaks.
Oklahoma Has To Use Tobacco Settlement Money To Cover Medicaid Spending
States spending on medicaid is growing bigger and ways to fund it are becoming more creative.
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 →
Half of the State of Ohio’s Budget Goes To Medicaid
Medicaid expansion via Obamacare is eating up revenue in Ohio’s budget. Now Governor Kasich, who at one time called himself a “conservative”,
City Board Members of Terre Haute May Face Criminal Prosecution
Under a new law enacted in Indiana, city officials and school board members who don’t use proper accounting rules to fix their debt, face possible misdemeanor charges and loss of office. Continue reading →
City of Indianapolis Has $1.1 Billion in Unfunded Pension Liabilities
As the City of Indianapolis becomes more progressive politically, physics of economics may impede this philosophy. Continue reading →
State of Indiana Officially Takes Over Gary School System
State taxpayers are now on the hook for the financially broke school system. Continue reading →
CHART: 50% of Babies Born in Indiana Paid For By Medicaid
Medicaid spending will come under intense scrutiny in the next decade Continue reading →
Report: Social Security Faces Possible Cuts in 2019
While going through the 2016 Annual Report for Social Security and Medicare, I stumbled across the main theme Continue reading →
