Christine Kuglin, Director of Truth in Accounting's Daniels College of Business, explains how Virginia's constitutionally-required "balanced budget" can be reconciled with the Commonwealth's billion-dollar debt burden. While some debt can be good, it also carries risk, such as when worker pensions are leveraged and tied to stocks and bonds.
Sponsored by the Substance Abuse and Addiction Recovery Alliance of Virginia
Christine Kuglin, Director of Truth in Accounting's Daniels College of Business, explains how Virginia's constitutionally-required "balanced budget" can be reconciled with the Commonwealth's billion-dollar debt burden. While some debt can be good, it also carries risk, such as when worker pensions are leveraged and tied to stocks and bonds.
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Sponsored by the Substance Abuse and Addiction Recovery Alliance of Virginia
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