Working to Transform Government Through Better Accounting.
Chicago, IL
Joined June 2009
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🚨 Federal Tax Dollars: The Hidden Fraud in Government Accounting 🚨
Did you know that our governments create their own accounting rules, allowing them to hide trillions in unfunded liabilities like pensions, Social Security, and Medicare? This isn't just poor bookkeeping—it's deliberate misleading that lets politicians claim "balanced budgets" while piling on massive debt with your tax dollars. For example, over $67 trillion in promised federal benefits aren't even reported on balance sheets, and states are sitting on nearly $1 trillion in unreported retirement obligations.
This fraud erodes trust and prevents real accountability. The solution? Change the rules: Shift to accrual-based accounting for budgets to reflect true expenses and liabilities, just like the private sector. It's the essential guardrail to ensure transparency and stop the mismanagement of public funds.
Read the full details here: truthinaccounting.org/news/d…
Join the call for reform! #GovtAccountingTruth
Truth in Accounting retweeted
Truth In Accounting: NJ last again with $45k of debt per taxpayer. @truthinacct gave NJ "F" grades for all yrs under @GovMurphy, who used revenue windfalls to spend $47bn on pensions but didn't move the needle on total debt. Top 5 states=red; bottom 5=blue sunlightpolicynj.org/truth-i…
This makes the case for smaller government.
WTF?! MARYLAND JUST TOLD DAYCARES TO KEEP THE CHANGE. ALL $66.5 MILLION OF IT.
The state's own internal audits found $66.5 million in overpayments to childcare providers between 2023 and 2025. Invoices never came in. Sign-in sheets were missing.
Money went out for kids who weren't even enrolled anymore.
So what did the state do? It let them keep it. Maryland's education department announced it would not pursue "broad recoupments," and it even planned to hand back money that providers had already repaid.
One provider told FOX45 exactly how it feels on the receiving end: "We do not have to pay it back. We did not earn it. We did not provide the service for it."
Maryland law says overpayments get collected. This program exploded from $132 million to $560 million in five years, and the people running it admit they never had the systems to track the money.
That's your money. If a regular family got overpaid by the state, they'd be chased for every last penny. Daycare providers just got a $66.5 million pass.
foxbaltimore.com/news/projec…
Maryland in dire financial straits | READER COMMENTARY baltimoresun.com/2026/10/19/…
Truth in Accounting retweeted
Welcoming Dr. Dana Forgione, professor of accounting at @UTSA, and Sheila A. Weinberg, founder of @truthinacct.org, to update @hfmaorg @stxhfma members on the national and state economies.
#stxhfma #moneysupply #interestrates #healthcarefinance #revenuecycle
Healthcare Financial Management Association (HFMA)
Taxpayers pay the bills!
On September 4th, @GovWesMoore was asked by @FoxBaltimores's @RealGaryCollins whether he would commit to no new taxes and increases. He would not, choosing an evasive answer instead. When pressed again, he ended the encounter.
$2.7 billion short next year, and he won't say who pays.
Truth in Accounting retweeted
"Reason finds a clear pattern at the state level. Northeastern and Pacific states are weighed down by legacy pension shortfalls, generous benefits, and spending that has outrun revenue. New Jersey triggers six of eight red flags—the worst in the nation."
The taxpayers watchdog should always be protected!
"The data are no longer the obstacle. The obstacle is whether officials will stop treating an incomplete budget as balanced."
Read your states Single Audit and prepared to be shocked! truthinaccounting.org/resour…
BREAKING EXCLUSIVE: TPM's @KatieDaviscourt investigated Somali home daycares in Seattle. Could there be millions of dollars of potential misuse of taxpayer funds?
When she knocked on doors, often no one answered and if they did they were hostile and defensive. Neighbors say they have never seen any kids!
These individual daycares are receiving $40,000 - $70,000 per month.
Good advice!
Ask every candidate if they understand the audited financial reports. And if they know if the district has an unrestricted net position. If they can’t answer that, they are not a serious candidate. Learn more from @truthinacct
Awe!!!
One little known fact that could change EVERYTHING- the government’s accounting and financial reporting rules! It’s true- they have different rules than corporations and us so they play with our money to buy votes to stay in power and enrich themselves. Check out @truthinacct
Truth in Accounting retweeted
He's applying AI to uncover massive grift & fraud, like the $21B racial wealth transfer he reveals on the show today.
It's no coincidence the far-left wants control of AI - it’s too useful to expose corruption!
Bullish on Brian, and on AI helping to improve our civilization 🇺🇸
NEW 🚨 Brian Chau Built an AI That Uncovers Fraud — It Exposed AI Doomers & Just Found a $21 Billion Racial Wealth Transfer
@brianchau57 is an investigative journalist using AI to uncover widespread corruption and billions in fraud.
He exposed how Effective Altruism NGOs bought and planted AI doomer articles. Now, he's breaking his next big story with @JTLonsdale.
Episode 162 out now 👇
(00:00) Episode intro
(01:40) Youngest American to win IOI gold
(04:30) How is AI journalism uncovering what legacy media can't?
(09:30) Is Effort News nonpartisan? Answering the critiques
(11:25) Breaking news: $21 Billion Racial Wealth Transfer
(17:30) Exposing the UK's counterterror incompetence
(22:00) How Effective Altruism & AI doomers bought the media
(24:00) Anthropic "whistleblower" connection to left-wing NGOs
(28:50) How do you account for bias in your reporting?
(34:30) How to build a sustainable media business
(42:30) AI for liberty and accountability; optimistic vision for the future
Must read article about South Carolina because it's happening everywhere!!! postandcourier.com/news/spec… During the past year, Florence County had to loan over $2.4 million to three of its counties. “Do you want three of your (county’s) nine municipalities to file for bankruptcy or default on a bond?” Kevin Yokim, Florence County’s administrator, said of the stakes.
Full accrual accounting is the remedy for out of control government spending! docs.google.com/document/d/1…
True! If you have to borrow money to balance a budget- it ain't balanced!
Wes Moore has balanced nothing. He inherited a multi-billion-dollar surplus, raised $2 billion in taxes and fees, and still managed to drive Maryland into another multi-billion-dollar deficit. The result? The first state credit downgrade in a generation, and next legislative session Maryland is staring down the barrel of implementing the SECOND record-setting tax increase in two years. That FACT is real.
And now he wants to lecture us on fiscal responsibility? That takes nerve and a desperate hope that voters are clueless.
TIA’s Sheila Weinberg to @FOXBaltimore : “Just because people will lend you money doesn’t mean you should borrow it.”
Baltimore debt bomb sparks outrage as city leaders ask to borrow millions more foxbaltimore.com/news/local/…
