The black sheep of Vermont’s journalism family, Vermont Watchdog, took a short break from its incessant anti-renewable campaign and pooped out a single-source article alleging that Vermont is a fiscal disaster.
A new report from a government accounting watchdog group finds that Vermont has a debt of $3.9 billion, despite claims of having a balanced budget.
The Financial State of the States 2015 report, released this month by Chicago-based Truth in Accounting, debunks the myth that states balance their budgets.
Okay, first of all, any “accounting” group that doesn’t know the difference between a balanced budget and long-term indebtedness ought to be drummed out of the bean-counter fraternity. Every large entity, government or private sector, carries a certain amount of debt on its books. Routine.
So, who are these incompetent clowns at “Truth in Accounting”?
Three guesses, and the first two don’t count.