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Wednesday, October 19, 2011
VIDEO Truth In Accounting Presentation at Hawaii Capitol
By News Release @ 12:08 AM :: 10199 Views :: Ethics, Hawaii State Government, Hawaii Statistics, Taxes

"Government Accounting: The Seen and the Unseen -- What Needs to be Done? Briefing by Shelia Weinberg

Sheila Weinberg spoke in Hawaii Tuesday, Oct. 11 on "Government Accounting: The Seen and the Unseen -- What Needs to be Done?"

The event was Convened by Rep. Gene Ward and Rep. Barbara Marumoto

Institute for Truth in Accounting 


Pre-event announcements below ...


News Release from House Minority Caucus (Scroll down for additional speaking engagements in Kona and Honolulu)

Honolulu – Members of the Hawaii House of Representatives will host an Informational Briefing on Government Debt on Tuesday, October 11, 2011 at 10:00 AM in the State Capitol, Room 309.

The purpose of the briefing will be to discuss the impact of the national and state debt crisis on Hawaii's future and ways to control excess government spending. At the national level America is borrowing 40 cents of every dollar we spend. This is unsustainable.

"Hawaii's families carry the third highest per capita debt burden in the United States, more than $23,000 for every person who lives here," noted Rep. Gene Ward who will convene the Informational Briefing.

"Hawaii is facing an economic tsunami with unfunded pension and health costs approaching a staggering $22 billion," warned Rep. Barbara Marumoto who will co-convene the Briefing.

The Briefing will feature national and local specialists including Ms. Shiela Weinberg from the National Institute for Truth in Accounting, Mr. Paul Brewbaker, the former Chair of the State Council on Revenues, and newly appointed State Chief Financial Officer Mr. Kalbert Young.

"We need a real conversation about what government we can afford," Rep. Gene Ward stated. "We are at a defining moment in Hawaii and we need to focus on options for State legislators to address the looming fiscal burdens and steps individuals can take to weather the economic storms on the horizon."

The public and media are invited to attend.

* * * * *

From Kona TEA Party and Grassroot Institute

Sheila Weinberg, CPA, is founder and CEO of the Institute for Truth in Accounting, a non-partisan advocate of comprehensive, comprehensible and transparent government financial reports. She will be speaking in Hawaii on “Government Accounting: The Seen and the Unseen -- What Needs to be Done?”

Weinberg works closely with members of Congress, the Government Accountability Office, members of the Federal Accounting Standards Advisory Board (FASAB), Department of Treasury personnel, and accounting advocacy group leaders.

Here are some of Weinberg’s articles about Hawaii:

She has testified before the FASAB and the Governmental Accounting Standards Board on government accountability issues. Weinberg’s writings include:

  • “The Truth about Balanced Budgets: A Fifty State Study”, which the Institute recently published naming Hawaii as the 47th worst state financially.
  • "Fuzzy Math: Fuzzy Decisions: Truth and Transparency in Federal Decision Making,"
  • "Where Has All the Money Gone? A Guide to Truth in Federal Government Accounting."

Weinberg serves as:

  • A legislative advisor to members of Congress on Federal budgeting and accounting issues
  • A member of the Academy of Government Accountability Advisory Council
  • A member of two Federal Accounting Standards Advisory Board’s Task Forces.

Her editorials have appeared in USA Today, Chicago Tribune and Chicago Sun-Times.

Weinberg will be speaking on the Big Island:

  • Monday, October 10, 7 PM at the Sheraton Keauhou Bay Resort, Keauhou Ballroom III. The Event is Free of Charge, Seating is limited: to ensure a seat, please RSVP:

Weinberg will also speak in Honolulu:

  • Wednesday, October 12, 11:45 AM to 1:15 PM. At The Pacific Club, Card Room. Lunch will be served. Reservations are $25.00 -- call 591-9193. $30 at the door, if space is available.



Full Text: The Financial State of the States



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