By Bill Bergman, includes “… Long-standing bipartisan failure to live up to the spirit of a constitutional “balanced budget” requirement drove the major punctures in Illinois’s now-sinking ship of state. Misrepresentations of reality in government financial reports played a key role in the bipartisan efforts to buy short-term political success with longer-term resources. Negligence or design — or both — were responsible for the faulty financial reporting. …”
Read the full article on: Public Sector Inc.