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My Blog

Book Keeping Trickery

The Institute for Truth in Accounting list what is known as the top 5 "Sinkhole" states, which
are the worse off financially, and the top 5 "Sunshine" states, the best off. As for us here in
Montana there is both good and bad news. Good news is we are not a sinkhole state
according to the Institute. Unless you account for the fact that 40% of our budget is payed by
the Federal Government. Bad news is, neither are we a sunshine state. Good news: We do
tie for 7th place in the best state list budget wise. Bad news: this in no way true to our
economic situation.
 
Although our state claims to have a surplus this is not entirely true either. We show this so
called surplus only due to book keeping tricks. Truth is in order for the State of Montana to
break even (no dept, no surplus) it would cost us another $700 per person to be paid to the
state.
 
Don't you just love our leaders for tinkering with the numbers and book keeping in order to
look good.

10 Comments to Book Keeping Trickery:

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Unless you account for the fact that 40% of our budget is payed by the Federal Government.
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