By Greg Bishop, includes “Government spending watchdog Truth In Accounting puts each individual household’s government debt at more than $50,000. TIA Director of Research Bill Bergman said this has been decades in the making. “We’re in bad shape because we had a budget ... that was falsely balanced for decades and it accumulated obligations that are now coming home to roost,” Bergman said. … “The finances of this state are threatening some of the more general obligations of this state under its constitution to provide public services,” Bergman said. “Push is going to come to shove.” …”
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