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Old 06-22-2011, 12:27 PM   #1
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Default The biggest concerns nationwide

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Microsoft founder Bill Gates said right now that state governments necessary to adopt "clear and honest" accounting of their budgets, as their genuine finances threaten America's public-education technique.
Speaking at the yearly TED conference in Lengthy Seashore, California,Office Standard 2010 Key, Mr. Gates said that state budgets should follow more-transparent accounting ideas. The Wall Street Journal reports:
"It's riddled with gimmicks," Mr. Gates explained of the "tricks" states use to balance their budgets. Citing moves such as selling state assets and deferring payments,Office Home And Student Key, he explained some methods are "so blatant and extreme," that "Enron would blush," referring to the energy company that collapsed a decade ago amid an accounting scandal.
The biggest concerns nationwide, he said,office 2007 product key, are the growing cost of state-funded health-care programs and public workers' health-care coverage,Office Home And Business Product Key, as well as the way states account for their pension funding. Those obligations threaten the ability to invest in training,Office Professional Plus 2007, Mr. Gates said.
"It is an increasingly difficult picture even assuming the economy does quite well," Mr. Gates mentioned of the costs.
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