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Cooking the Books

Submitted by Roanman on Sat, 10/16/2010 - 09:41


In an effort to evade the truth, municipal governments have taken a lessons from the Federal Government and are cooking the books in order to cover up the extent of their promised but unfunded pension liabilities.

Cynical Roany will take this opportunity to point out that by and large, the very same people calling for transparent accounting at the corporate level are lying through their teeth via their own accounting practices at every single level of government ......... federal, state and local.

Click the chart below to catch the very simple three paragraph story that comes with this chart.

Or probably more important to you, this here little gear here will take you to another Clusterstock story which ranks the ten cities in the deepest doo-doo.