taxes

By Christopher David - NoVikingsTax.com - Minneapolis Mayor R. T. Rybak wants to have it both ways. On the one hand, this Tuesday (Feb 1, 2011), he appeared with billionaire publishing magnate Glen Taylor, hawking a plan to spend $155 million, much of it public money, on a "facelift" for Target Center, which the City owns and Taylor's Timberwolves and Lynx basketball teams play in. On the other hand, Rybak wants to be seen as a practical mayor who shares the priorities of city residents and neighborhood activists.

In 1989 Catherine Austin Fitts became Assistant Secretary for Housing in Department of Housing and Urban Development (HUD). She began to notice money was not properly tracked as it moved between different HUD departments and there was a lack of proper accounting mechanisms to deal with discrepancies in revenue indicated fraud at an alarming level. [28] She attempted to put in place some credible financial tracking mechanisms to identify where the money was going and to identify the responsible individuals and HUD departments, but after 18 months on the job she was suddenly fired by the Bush administration. Fitts was told the day after she left that her financial reforms through ‘place-based financial accounting and statements’ would also be terminated. [29]