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Illinois hit by record $47 billion loss, ignored by regular media. Why?

SEPTEMBER 9, 2019 | by Mark Glennon | WIREPOINTS ILLINOIS NEWS

By Mark Glennon, includes “… First, the loss was shrugged off because it stemmed mostly from an accounting change, which we will explain below. But that’s only a partial excuse. In truth, the accounting change exposed a huge liability that has been all but ignored in the past.  Second, most media reports seem to have blindly repeated a very misleading press release by the Illinois Comptroller that accompanied the financials. …”

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