Congress' Limitless Credit Card - Social Security and the Debt Limit

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Truth in Accounting

17 episodes

3 days ago

This podcast is the only one discussing the financial reality of the United States from an accounting perspective, not a political one. We dive into the little-known world of government accounting and how its flawed standards are wreaking havoc. We seek to answer the question, why does the government have different standards than corporations? And how can we change it?

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Congress' Limitless Credit Card - Social Security and the Debt Limit

Truth in Accounting

1 hour 1 minute 41 seconds

1 year ago

Congress' Limitless Credit Card - Social Security and the Debt Limit

Watch a recording of Truth in Accounting's virtual event discussing Congress' debt limit and social security. With Chuck Chokel, TIA Board Member and former Co-CEO of Progressive Corp., and Sheila Weinberg, CEO and Founder of TIA, we also discuss the newly released Financial State of The Union 2021. Moderated by our Director of Research, Bill Bergman. _______________________________ Subscribe to Truth in Accounting here: https://bit.ly/2uygGER The official Truth in Accounting YouTube channel is your primary destination for informative and entertaining videos on government finances. For more about Truth in Accounting's work, visit: https://www.truthinaccounting.org Follow Truth in Accounting here: Facebook: https://facebook.com/truthinaccounting Twitter: https://twitter.com/truthinacct Instagram: https://instagram.com/truthinacct LinkedIn: https://www.linkedin.com/company/truth-in-accounting ------------ Chuck Chokel, former Co-CEO, Progressive Corp. For over 30 years Chuck Chokel has worked in the insurance industry. Mr. Chokel served as a senior partner at the White Mountain Insurance Group, taking on roles as Chief Claims Officer and Co-CEO at One Beacon, and Chief Financial Officer for White Mountains Reinsurance Group. Prior to that, Mr. Chokel served as Chief Financial Officer and member of the Board of Directors at Conseco Financial. Mr. Chokel spent much of his career at Progressive Corp., rounding out his tenure there as Co-CEO, Chief Investment and Capital Officer while serving on the board of directors. Additionally, Mr. Chokel has served on the board of directors of Esurance and Plymouth Rock Holding Co. Mr. Chokel received a B.A. from Williams College, and an M.B.A. from the University of Chicago. He has completed over 250 triathlons including thirty-six half ironman distance events and eleven full ironman distance events. He is a two time Hawaii Ironman finisher. Sheila Weinberg is the founder and CEO of Truth in Accounting. Since 2002 Ms. Weinberg has led Truth in Accounting's research initiatives. Because of her expertise in governmental budgeting and accounting, Ms. Weinberg has testified before the Federal Accounting Standards Advisory Board (FASAB), the Government Accounting Standards Board, and numerous state legislative hearings on matters of proper government accounting. Her commentary on the federal budget, Social Security, Medicare and other national issues has appeared repeatedly in numerous publications, including USA Today, the Washington Post and the Wall Street Journal. She has been a guest on local and national television and radio shows, and is often engaged to speak on federal and state budget and accounting issues. Bill Bergman served as Truth in Accounting's Director of Research. He led question formation, idea development, and application of research initiatives. Bill teaches finance courses at Loyola University Chicago. He has over 30 years of financial market experience, including thirteen years as an economist and policy analyst at the Federal Reserve Bank of Chicago. Bill earned an M.B.A. and an M.A. in public policy from the University of Chicago in 1990.