Tuesday, August 12, 2014

Kansas faces SEC charges

http://www.reuters.com/article/2014/08/11/sec-kansas-pensions-idUSL2N0QH15Z20140811 related to nondisclosure of pension underfunding issues to bond investors in offerings dating back to 2009 and 2010.

Saturday, August 9, 2014

What is the real amount owed by the Federal government?

http://www.forbes.com/sites/johngoodman/2014/08/07/how-much-do-we-really-owe/ This blog post discusses the extent of the Federal deficit and clarifies the amount of debt.

Tuesday, July 29, 2014

U.S. Disability Insurance Program running low

http://www.accountingtoday.com/news/government-news/disability-insurance-program-running-low-on-funds-71473-1.html The scheduled depletion date for Social Security’s Disability Insurance Trust Fund is only two years away, in late 2016, according to a new government report.

Wednesday, July 16, 2014

Rainy day funds

http://www.pewtrusts.org/en/research-and-analysis/reports/2014/07/15/building-state-rainy-day-funds-policies-to-harness-revenue According to the Pew report, 12 States have placed requirements to increase reserves, depending on changes in revenues. But is it enough to weather possible downturns? See this report.