• HOME :
  • NEWS :
  • OUR FINANCIALLY HEALTHY STATE

Our financially healthy state

OCTOBER 1, 2018 | by Clint Cooper | CHATTANOOGA TIMES FREE PRESS (TENNESSEE)

“Interestingly, 49 of the 50 states have balanced budget requirements but still rack up debt by using, according to Truth in Accounting, accounting tricks such as inflating revenue assumptions, counting borrowed money as income … delaying the payment of current bills until the start of the next fiscal year … and hiding a large portion of employee compensation (such as benefits) from the balance sheet and budget. … If you live in Tennessee, be grateful for the state's sound economic policies, and remember how we got here. The federal government could take a few lessons.”

NEWS

Create your own charts

VIEW LESS