http://www.truthin2010.org We're working to bring the financial truth to the 2010 elections, and we need your help! Sign up today for e-letter updates and more information. en-us http://www.truthin2010.org/news/article.asp?ArticleSource=1088 Pete Peterson and others are saying that our debt to GDP is 60%. Others say the ratio is 90% to 100%. Neither one is right. http://www.truthin2010.org/news/article.asp?ArticleSource=1067 The government takes less money in now, but may save money in the long run. http://www.truthin2010.org/news/article.asp?ArticleSource=1062 How can the country operate without knowing the amount of the huge liabilities associated with these programs? http://www.truthin2010.org/news/article.asp?ArticleSource=1059 http://www.truthin2010.org/news/article.asp?ArticleSource=1021 State has not issued the financial statements for FYE 6/30/09 http://www.truthin2010.org/news/article.asp?ArticleSource=1022 On Monday it was $12,974,895,930,216.56. http://www.truthin2010.org/news/article.asp?ArticleSource=1019 "We need mathematicians in Springfield," said Gov. Pat Quinn at a recent speech before fellow Democrats in Winnetka, Ill. http://www.truthin2010.org/news/article.asp?ArticleSource=1013 Quotes from Treasury, OMB and CBO about the bogus Trust Funds http://www.truthin2010.org/news/article.asp?ArticleSource=995 See the numerous comments about this comparison. From: Sheila - This reminds me of the comparison we made of federal accounting and Enron accounting. We will re-post that comparison soon. http://www.truthin2010.org/news/article.asp?ArticleSource=1001 Clinton says states are playing accounting tricks to balance their budgets. http://www.truthin2010.org/news/article.asp?ArticleSource=984 Give me your guess on when you think it will reach $13 T. http://www.truthin2010.org/news/article.asp?ArticleSource=979 Here's The Institute's Sheila Weinberg on CBS Channel 2 Chicago's <em>Monsters & Money in the Morning</em>. http://www.truthin2010.org/news/article.asp?ArticleSource=969 New All-Time High!!! http://www.truthin2010.org/news/article.asp?ArticleSource=960 Truth In Accounting Issues New Jersey’s “Financial State of the State” http://www.truthin2010.org/news/article.asp?ArticleSource=949 Institute for Truth in Accounting Issues Guide to Honest Budgeting http://www.truthin2010.org/news/article.asp?ArticleSource=932 Truth in Accounting Act introduced in Illinois http://www.truthin2010.org/news/article.asp?ArticleSource=930 Institute Issues Revised Illinois' Financial State of the State. http://www.truthin2010.org/news/article.asp?ArticleSource=925 "Domination of the FASAB process by federal members is incompatible with board independence," says former board chair and one other member. http://www.truthin2010.org/news/article.asp?ArticleSource=908 David M. Walker, former Comptroller General of the U.S. book discussion "Comeback America," Union League of Chicago, February 8, 2010, 11:30 Luncheon. Institute for Truth in Accounting as Event Partner. http://www.truthin2010.org/news/article.asp?ArticleSource=902 Does the federal government owe our seniors the Social Security and Medicare benefits they have been promised? http://www.truthin2010.org/news/article.asp?ArticleSource=888 Review Sheila's future engagements. http://www.truthin2010.org/news/article.asp?ArticleSource=861 27,280 unique visitors went to truthin2010.org yesterday http://www.truthin2010.org/news/article.asp?ArticleSource=841 See Weinberg's appearance on Chicago Tonight http://www.truthin2010.org/news/article.asp?ArticleSource=837 LWV-Barrington Event at Cuba Township Community Room - 28000 West Cuba Road http://www.truthin2010.org/news/article.asp?ArticleSource=833 The Institute's Sheila Weinberg will make another of her appearances on Chicago's WTTW Channel 11 at 7:00 CST this evening. http://www.truthin2010.org/news/article.asp?ArticleSource=813 The Institute and Sheila are quoted in this story about an initiative to require the federal government to disclose facts about its financial sustainability. http://www.truthin2010.org/news/article.asp?ArticleSource=803 Sheila Weinberg comments on the legislation Gov. Pat Quinn signed Sunday to fully fund the Illinois Monetary Award Program, or MAP. http://www.truthin2010.org/news/article.asp?ArticleSource=799 October 15 unique visitors to our website hits 24,455. http://www.truthin2010.org/news/article.asp?ArticleSource=804 Watch Video of Truth in Accounting's CEO WTTW's Chicago Tonight. http://www.truthin2010.org/news/article.asp?ArticleSource=789 Tom Hudson, First Business, interviews Mr. Nelson about the current debt and the outlook for the future. http://www.truthin2010.org/news/article.asp?ArticleSource=785 Nation's true debt reached more than $71 trillion at the end of the gov't fiscal year. http://www.truthin2010.org/news/article.asp?ArticleSource=769 We are already $72.5 trillion in debt. http://www.truthin2010.org/news/article.asp?ArticleSource=765 Warning! Our deficit will not be $1.8 trillion this year. It will be more than $12 trillion. http://www.truthin2010.org/news/article.asp?ArticleSource=757 Sheila Weinberg will speak "at the bean" in Millenium Park on Saturday--please join her! http://www.truthin2010.org/news/article.asp?ArticleSource=756 An interested party asked me the following questions. http://www.truthin2010.org/news/article.asp?ArticleSource=753 Here's a reference to the Institute's work on state accounting and finances. http://www.truthin2010.org/news/article.asp?ArticleSource=755 Testimony at the GASB Hearing Recommends Recognizing Accrued Pension Liabilities http://www.truthin2010.org/news/article.asp?ArticleSource=745 The article notes: . . (S)ome outside observers to question the independence of the board. For example, the CEO of the Institute for Truth in Accounting said at an April 2009 FASAB public hearing: “This seems like a form of jury tampering.” http://www.truthin2010.org/news/article.asp?ArticleSource=739 Should A Liability Be Reported As a Liability? http://www.truthin2010.org/news/article.asp?ArticleSource=737 The Institute for Truth in Accounting raises some important questions regarding the leasing of the City of Chicago's parking meters. http://www.truthin2010.org/news/article.asp?ArticleSource=725 Where Will We Get the Money To Pay for the Bail Outs and To Reform Health Care? The Government is printing money, why don't you? http://www.truthin2010.org/news/article.asp?ArticleSource=726 Freedom Rings Radio hosted by Kenneth John is a live call-in talk show with guests heard every Monday morning at 9AM CST on WRMN 1410 AM, Elgin, Illinois http://www.truthin2010.org/news/article.asp?ArticleSource=723 Watch our new videos on YouTube!!! http://www.truthin2010.org/news/article.asp?ArticleSource=715 Your share of the nation's federal debt increases by $30,000 per person http://www.truthin2010.org/news/article.asp?ArticleSource=704 How much financial trouble is your state into? Unfortunately, nobody knows. http://www.truthin2010.org/news/article.asp?ArticleSource=702 Our friend David Walker gives his views on the fiscal prospects of the federal takeover of health care. http://www.truthin2010.org/news/article.asp?ArticleSource=692 The Institute's founder and CEO will appear on <em>Chicago Tonight</em> that clears on WTTW Channel 11 in Chicago. This is a great opportunity to tune into Chicago's "Window To The World". http://www.truthin2010.org/news/article.asp?ArticleSource=652 A blog written by IFTA's founder & CEO appears on Assoc. of Gov't Accounting website. http://www.truthin2010.org/news/article.asp?ArticleSource=632 THIS WEEK'S SHOW Sheila Weinberg Sunday, May 17th - 8AM - 9AM http://www.truthin2010.org/news/article.asp?ArticleSource=626 Two Possible Nightmare Scenarios. Please let us know what you think. http://www.truthin2010.org/news/article.asp?ArticleSource=609 How can your state be balancing its budget, but going further into debt? http://www.truthin2010.org/news/article.asp?ArticleSource=602 Does this scare you? http://www.truthin2010.org/news/article.asp?ArticleSource=600 That's for each man, woman and child in the U.S. http://www.truthin2010.org/news/article.asp?ArticleSource=598 Why don't we receive donations online? http://www.truthin2010.org/news/article.asp?ArticleSource=596 Federal Accounting Standards-Setting Process: Stacked Against the Public http://www.truthin2010.org/news/article.asp?ArticleSource=592 It isn't a pretty picture and it is only getting worse. http://www.truthin2010.org/news/article.asp?ArticleSource=573 The Governor continues using political math to balance the budget http://www.truthin2010.org/news/article.asp?ArticleSource=571 Treasury Puts the Pedal to the Metal on Borrowing http://www.truthin2010.org/news/article.asp?ArticleSource=565 How do we explain this massive amount to our readers? Please submit your ideas. http://www.truthin2010.org/news/article.asp?ArticleSource=564 <em>Bloomberg</em> reports Chicago's transit system is in trouble and speculates it will foment another trillion dollar bailout. http://www.truthin2010.org/news/article.asp?ArticleSource=558 Or is that Down, Down We Go? Daily Visitors to Truth in 2008 are increasing at an astronomical rate. Unfortunately, our federal debt is also increasing at an astronomical rate. http://www.truthin2010.org/news/article.asp?ArticleSource=543 The Institute for Truth in Accounting is Here to Help Get Us Out of Our $100 Billion Hole http://www.truthin2010.org/news/article.asp?ArticleSource=527 Hat Tip to Lt. Col. Larry Felts USAF (Ret.) http://www.truthin2010.org/news/article.asp?ArticleSource=497 An article supporting Mark-to-Market accounting from City Journal. http://www.truthin2010.org/news/article.asp?ArticleSource=489 The federal government is borrowing at the rate of $500 billion a month. Are we too big to fail? http://www.truthin2010.org/news/article.asp?ArticleSource=468 Deficit reaches $454.8 billion. True Debt reaches $57 trillion. http://www.truthin2010.org/news/article.asp?ArticleSource=466 The Institute offers any blogger or web site administrator the free use of our debt counter. Here's one site which does. http://www.truthin2010.org/news/article.asp?ArticleSource=461 Many observers of the financial crisis have suggested suspending mark-to-market accounting rules because they have exacerbated the situation, requiring a bigger bail out. Here's a well-reasoned, contrary view. http://www.truthin2010.org/news/article.asp?ArticleSource=458 If you haven't seen the movie, here's the next best thing. http://www.truthin2010.org/news/article.asp?ArticleSource=455 By Sheila Weinberg. Our country is heading toward a super-sub-prime crisis. It may be just a matter of time before the federal government hits fiscal foreclosure. http://www.truthin2010.org/news/article.asp?ArticleSource=453 Wise observations on the curent economic conditions. http://www.truthin2010.org/news/article.asp?ArticleSource=451 Now that the federal government has bailed out Fannie and Freddie, who's going to bail out the federal government? http://www.truthin2010.org/news/article.asp?ArticleSource=443 Here are more IFTA questions about the impending bail out. http://www.truthin2010.org/news/article.asp?ArticleSource=444 Here's the letter Donna Rook of Chicago sent to her Representative and Senators. http://www.truthin2010.org/news/article.asp?ArticleSource=440 Some questions about the bailout that occur to IFTA members http://www.truthin2010.org/news/article.asp?ArticleSource=439 In the last generation, the Indian economy has remarkably benefitted from "de-socializing". Some say this was a result of Indians' exposure to the U.S. economy's vitality. Now they wonder where we are headed. http://www.truthin2010.org/news/article.asp?ArticleSource=426 When I first started to investigate federal budgeting and accounting issues I was shocked to discover that the government did not prepare consolidated financial statements until 1995. Now there is a discussion going on.... http://www.truthin2010.org/news/article.asp?ArticleSource=428 "Black Belt Patriot" author and actor Chuck Norris mentions how he learned about the real deficit. http://www.truthin2010.org/news/article.asp?ArticleSource=415 Ben Alexander asks:Getting to a more personal level with the issues, what are the candidates' positions on the alternative minimum tax? http://www.truthin2010.org/news/article.asp?ArticleSource=408 Kudos to the Peterson/Walker gang for the release of I.O.U.S.A. It is great to see I.O.U.S.A. out before the election. http://www.truthin2010.org/news/article.asp?ArticleSource=379 IOUSA the movie premieres in August. See the trailer now! http://www.truthin2010.org/news/article.asp?ArticleSource=372 Here is something YOU can do to start to bring the truth about our true financial condition to the candidates. http://www.truthin2010.org/news/article.asp?ArticleSource=370 How can states balance their budgets and run deficits at the same time?---An Institute study. http://www.truthin2010.org/news/article.asp?ArticleSource=332 How do state governments claim their budgets are balanced and run hundreds of millions of dollars of deficits at the same time? http://www.truthin2010.org/news/article.asp?ArticleSource=310 Voters need to be given an honest calculation of how much the campaign promises will increase annual deficits. http://www.truthin2010.org/news/article.asp?ArticleSource=298 Wake Up Accountants! - What Can You Do About Our $53 Trillion Hole http://www.truthin2010.org/news/article.asp?ArticleSource=269 Truth in Accounting's response to Steve Chapman's commentary posted at: wwww.chicagotribune.com http://www.truthin2010.org/news/article.asp?ArticleSource=262 The Institute for Truth in Accounting commends Comptroller General David Walker on his past and future public service. He bravely went where few, if any, government officials have gone before--he told the truth to the American public. http://www.truthin2010.org/news/article.asp?ArticleSource=255 Today Comptroller General David Walker announced his retirement as of March 12. http://www.truthin2010.org/news/article.asp?ArticleSource=252 ASK THE CANDIDATES QUESTIONS Here are two key questions to ask: ***What are you going to do about our $55 trillion dollar debt?***With what money will you use to pay for your campaign promises? http://www.truthin2010.org/news/article.asp?ArticleSource=253 Our dependency on foreign capital puts our country at the mercy of countries that may not have our best interest at heart. http://www.truthin2010.org/news/article.asp?ArticleSource=249 What if Wal-Mart, General Motors, Capital One, Waste Management, Coca Cola and Sprint flunked audits of their financial statements? http://www.truthin2010.org/news/article.asp?ArticleSource=242 I say the best change would be for the government to stop misleading budget practices. http://www.truthin2010.org/news/article.asp?ArticleSource=234 I am pleased to announce that the launch of a campaign challenging presidential candidates to address one of our nation's most pressing issues: our skyrocketing national debt. http://www.truthin2010.org/news/article.asp?ArticleSource=230 It all depends on how you count. The U.S. Treasury recently announced a budget deficit of $163 billion for the fiscal year ending Sept. 30, 2007. But how did they determine that amount? http://www.truthin2010.org/news/article.asp?ArticleSource=231 Federal Accounting Standards Advisory Board chair Tom Allen stated, http://www.truthin2010.org/news/article.asp?ArticleSource=232 Finally the truth is being told by an Illinois constitutional officer. According to various news stories Comptroller Daniel Hynes, the state's chief financial officer, stated that the last four state budgets have been billions of dollars out-of-balanced.