Louisiana state government, economy rank poorly in plethora of recent reports

March 20, 2018 | Louisiana Watchdog

Several studies and reports rank Louisiana as the worst state in the country for business, and the worst run government with a high disapproval rating among its citizens.

HORRIFIC! Under new bank regulations municipal bonds are considered a highly liquid asset

March 20, 2018 | Economic Policy Journal

This is bad. The eagle-eyed Bill Bergman spotted the change.

New Jersey pensions still in shambles

March 19, 2018 | Liberty Nation

On Tuesday, Governor Phil Murphy (D-NJ) delivered his first budget address, and the reception from both sides of the aisle has been lukewarm.

A March Madness bracket based on states’ financial rankings

March 16, 2018 | Fullerton Association of Concerned Taxpayers (FACT)

The graphic below and this message were just received from my friends at Truth in Accounting.

Unreported: U.S. Treasury posts gigantic $1.16 trillion shortfall

March 15, 2018 | AsiaXPAT

Just add tax cuts and ballooning expenditures. The media chose to silence the report to death. 

California high-speed rail is a budgetary train wreck as cost soars 20% to $77 billion

March 13, 2018 | Zero Hedge

California's bullet train will be coming in over budget and behind schedule, after its estimated cost was revised from $64 billion to $77 billion - a 20% increase, and an estimated completion date of 2033, four years later than originally projected. 

Unlike Illinois, Michigan turning the tide on out-migration numbers

March 9, 2018 | Michigan Watchdog

Michigan and Illinois have a lot in common – they’re both in the upper Midwest, with cold climates and proud histories in manufacturing – but the similarities don’t extend to current trends in out-migration, according to demographics experts and newly released data.

Why fiscal warnings fall on deaf ears

March 9, 2018 | American Institute for Economic Research

More than a decade ago, I attended a prophetic presentation. One of the world's leading experts on generational accounting gave us a precise trajectory for US fiscal health.

Cincinnati now pays $50 million in interest on its debt. Is that a problem? City says no

March 8, 2018 | Cincinnati Enquirer

What would you do if your monthly credit card bills jumped more than 50 percent over 10 years? What's worse, you're nearly maxed out on those cards, because you needed to keep borrowing to keep up with expenses.

Illinois pension promises exploded over thirty-year period

March 7, 2018 | The Heartland Institute

The rate of increase in pension benefits promised to Illinois government employees has vastly exceeded the growth rate of Illinois residents’ incomes over the past three decades, a new study reports.

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