Congratulations to the new governor of Illinois. How can the Institute for Truth in Accounting assist you in dealing with our $100 billion of state debt? We would recommend your first step be telling the public the truth. Let them know exactly where we stand. We owe $42 billion to our pension funds, $24 billion for retirees' health care benefits, $23 billion in state bonds and $11 billion in other liabilities.
Second step: Present a truly balanced budget, not one that is based on the old political math. Our group of accounting, business and academic leaders stands at the ready to help Gov. Quinn and the legislature to find our way out of our financial crisis. www.truthinaccounting.org
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