June 15, 2017
Includes "I was invited to comment on a proposed GASB standard change regarding the accounting for special funds. Here is my testimony to the board."
June 9, 2017
Includes, "Illinois has some very unusual special funds, such as..."
May 31, 2017
Includes, "The federal government’s debt is no longer increasing. This sounds like great news. The government isn’t borrowing any more money. But don’t get your emotions too high."
April 12, 2017
Includes, "This is why I am excited to announce the Concord Coalition and my Congressman, Brad Schneider, are hosting a federal budget workshop at 5:30 p.m. on Monday, April 17 at Lake Forest College. Space is limited due to the workshop format."
March 7, 2017
Includes "Yesterday Illinois State Comptroller Susana A. Mendoza finally released the state’s fiscal year 2016 financial report. This was 251 days after the fiscal year end, which is considered late even under the loose government standard of 180 days. More than 30 states had released their reports before Illinois."
September 19, 2016
Guest post by H. Lee Fisher, includes "The risks posed by our national debt places this nation in self-destruct mode. Our politicians can continue to manipulate accounting records and conceal our real debt..."
August 12, 2016
If instead of paying Illinois teachers for the next six and half years, their salaries were diverted to their pension plan, there still won't be enough money to cover all promised benefits.
July 21, 2016
Includes, "The amendment is an attempt at circumventing some of the accounting gimmicks used to balance the state budget."
June 16, 2016
Includes, "When will the governor and legislators come to their senses? When the state can't borrow any more money any more."
April 28, 2016
Includes, "Did you know that the federal government does not follow the same accounting standards that they require major corporations to follow?"
April 26, 2016
Guest blog post by William Glasgall. He is director of state and local programs at the Volcker Alliance in New York.
April 20, 2016
With Leslie Munger's delayed payments to state officials, office holders have joined the ranks of de facto creditors to the state.
April 13, 2016
My recap on Monday's event that we co-hosted with the Illinois Campaign for Political Reform
April 12, 2016
My thoughts on the state's recently released financial report.
February 17, 2016
My response to a Facebook comment regarding Gov. Rauner’s 2017 budget address today.
January 1, 2016
Includes, "Yesterday I listened to Governor Jerry Brown’s State of the State with an ear out for the true financial state of California."
January 14, 2016
Includes, "The federal government is the largest financial institution in the world, yet the President did not discuss our financial position."
December 3, 2015
Includes, "State and Local Governments' Balance Sheets Are About to Explode"
November 5, 2015
Includes "At the same time Americans guzzled on Halloween candy, the federal government gorged on debt..."
October 30, 2015
Includes "Governor Christie is correct, politicians and government officials have created many myths about Social Security and Medicare..."
October 28, 2015
Includes "Watch out when government officials tell you they have a surplus..."
October 14, 2015
Includes "there are two possible nightmare scenarios for America's financial future...