How Trump’s new Fed nominee exposed the Soviet Union’s debt

August 23, 2019 | The American Conservative

She crunched the numbers and predicted the USSR's downfall. Now can she take on America's red ink?

We owe more than we own

August 22, 2019 | Knox VillageSoup (Maine)

Did I read that right? Unwilling to reverse LePage’s tax cuts for wealthy people, Gov. Janet Mills would like us to borrow another $249 million for road repair and other routine expenses. Want to clean up our state parks? OK, let’s sell revenue bonds and stick our grandchildren with the bill. And hope they won’t need better schools or some other “unforeseen” but completely foreseeable public service.

Connecticut slot revenue slides, casino win from gaming terminals down $13.1 million

August 20, 2019 |

Slot revenue in Connecticut plays a critical role in helping fund the state government. But July marked yet another month where the two tribal casinos reported a drop in win from the terminals compared to the prior year. 

A $1 trillion deficit is bad. The reality is much worse

August 16, 2019 | The Fiscal Times

President Trump’s signing of a two-year budget deal earlier this month may have averted the chances of another government shutdown before the 2020 election, but it certainly added to the exposure of U.S. taxpayers. 

Municipal Finance Data Forum Midwest

August 15, 2019 | XBRL US

Hear public sector and financial data standards experts discuss how standardizing reported data can improve the efficiency of disclosures by U.S. state and local governments. This forum will feature speakers from the Bond Buyer, the Illinois Office of the Controller (IOC), Northern Illinois University Center for Governmental Studies, Truth In Accounting, Will County, and more.

‘Bond King’ backs TIA: says U.S. deficit is $6 trillion using ‘real’ accounting

August 14, 2019 | Sprott Money

The idea that U.S. government data could be less accurate than much-maligned private sector accounting seems rich.

Government watchdog: Just 4 of 21 Defense Department entities perform well in audit, but that’s progress

August 13, 2019 | The Cleveland American

For the first time in decades, the DoD issued an Annual Agency Financial Report late last year that it described as the “first full-scope, department-wide, financial statement audit.”

Hopefully, Esper’s DOD reform includes finances

August 12, 2019 | Stars & Stripes

The Pentagon flunked its first ever full-scope financial statement audit. Yet simply completing the exercise represents real progress in the modern governing context.

Social Security, Medicare could cause economic meltdown

August 12, 2019 | Patch

Future generations will be crushed by the federal government's growing mountain of debt.

Prop. 106 is the wrong answer to Phoenix’s pension debt

August 1, 2019 | Arizona Republic

Phoenix faces big challenges on pension liabilities. Its plans for police officers and firefighters are roughly 60% unfunded

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