Today, the Institute for Truth in Accounting and the Comeback America Initiative released Connecticut’s “Financial State of the State.” After an intensive review of the State’s 2010 audited financial report the Institute determined the state is in a precarious financial position, because it does not have the funds available to pay over $63.5 billion of the state’s commitments as they come due. Each taxpayer’s* share of this financial burden equals $49,000.
Connecticut state law requires a balanced budget. “If governors and legislatures had truly balanced the state’s budget, no taxpayer’s financial burden would exist,” said Sheila Weinberg, Founder and CEO of the Institute for Truth in Accounting (IFTA). She continued, “A state budget is not balanced if past costs, including those for employees’ retirement benefits, are pushed into the future.”
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Truth in Accounting Issues: Connecticut’s ‘Financial State of the State’ – True Tax Burden $63.5 Billion”
You gotta hand it to new Cook County Board President Toni Preckwinkle. Not only has she risen above her goofy name and won a highly important political position, but she’s achieved the art of almost saying something that she means.
No one but the worst sycophant thinks that President Obama’s latest stab at a federal budget is a serious plan. In fact, that he’s come before the American people again with a second budget plan itself bespeaks of a president badly floundering on the issue. This has left the Republican Party, and more specifically the GOP led House of Representatives, as the only real game in town on the budget, the debt, and in correcting the Bacchanalia of spending that Congress has indulged for nigh on the last 100 years.
Chicago area Congressman Jesse Jackson, Jr. is apparently as fickle as he is uninformed about economics and the Constitution both. In March we saw him praising the Apple iPad as technology so important that he wanted to have the federal government buy one for every American student. Only a month later he was calling the iPad a destroyer of American jobs. Talk about a whiplash inducing turn around.
Congressman Peter Roskam (R, ILL), Chief Deputy Whip, issued the following statement after the ratings agency Standard and Poor’s downgraded the United States long-term credit outlook from stable to negative:
Earlier this week I participated in a media call-in with Republican Congressman Adam Kinzinger (IL, 11th District) on which he discussed the budget and other issues.
On Friday, April 8, I attended the 4th Annual Sammies Awards, a yearly event that brings together reform-minded folks from across the country to celebrate the best of America. The winners are all recognized for their engagement as watchdogs, reformers, messengers, and strategists and rightfully so. 

Joliet City Manager is a $463,000 Whale
Several news sources have been working for days to get to the bottom of a story that might end up revealing that the head of one of Democrat Illinois Governor Pat Quinn’s police security details was involved in a racist attack on several black students in downstate Carlinville. Worse, the story seems to be undergoing a political cover up as news agencies are being stymied in rooting out the details.
The Wilmette Beacon 