{"id":36187,"date":"2010-08-23T01:01:01","date_gmt":"2011-05-19T00:40:16","guid":{"rendered":""},"modified":"2011-05-19T00:40:16","modified_gmt":"2011-05-19T00:40:16","slug":"rush_s_morning_update_cooked_books_august_24_2010","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/","title":{"rendered":"Rush\u2019s Morning Update: Cooked Books\r\n\r\nAugust 24, 2010"},"content":{"rendered":"<section>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\" width=\"199\" height=\"137\"\/> <\/p>\n<p><BR\/><strong>Rush\u2019s Morning Update: Cooked Books<\/strong><\/line><BR\/><strong><strong>August 24, 2010<\/strong><\/strong><\/line><BR\/><img src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125102.ParBottom.95973.ImageFile.jpg\"\/><\/line><BR\/><strong>Watch It!<\/strong> <strong> <\/strong><a href=\"http:\/\/stream.rushlimbaugh.com\/cgi-bin\/members.cgi?site=rushlimb&#038;type=download&#038;clips=1&#038;stream=2010\/08\/Rush%20Limbaugh%20-%20Aug%2024%202010%20-%20Morning%20Update.mp4\">Download Morning Update Video in QuickTime<\/a><\/line><BR\/><a href=\"\/\/home\/videoplayer.member.html\"><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0001.ImageFile.jpg\" width=\"433\" height=\"26\" class=\"alignleft\"\/><\/a><\/line><\/p>\n<p><strong>Listen to It!<\/strong> <a href=\"http:\/\/mfile.akamai.com\/5020\/wma\/rushlimb.download.akamai.com\/5020\/clips\/10\/08\/MU082410.asx\"><strong>Windows Media Player<\/strong><\/a>|<a href=\"http:\/\/mfile.akamai.com\/5020\/rm\/rushlimb.download.akamai.com\/5020\/clips\/10\/08\/MU082410.ram\"><strong>RealPlayer<\/strong><\/a> <\/p>\n<p>History was made recently when the Securities and Exchange Commission brought its first-ever action against a state; in this case, the state of New Jersey,in what amounts to fraud. In short, the state told investors it was properly funding pensions for public workers when it wasn\u2019t.<\/p>\n<p>Between 2001 and 2007, New Jersey claimed it was setting aside money in a &#8220;benefit enhancement fund.&#8221; The state said the fund was part of a &#8220;five-year-plan&#8221; that would pay for new benefits granted to teachers and state employees. But turns out, there was no such fund;it never existed. It was all a bunch of accounting gimmicks &#8211;not a dime of that money was real.<\/p>\n<p>Now, this charade was played out over three different administrations, including the two Democrat tax-raisers, McGreevey and Jon Corzine,who, given his years on Wall Street, should\u2019ve figured this out. The SEC says investors purchased more than $26 billion worth of New Jersey bonds without ever realizing how much fiscal trouble the state was in.<\/p>\n<p>And this isthe kicker:Nobody is going to jail &#8211;not the government workers who committed the fraud, or the Wall Street underwriters of the bonds. No penalties at all have been handed out;just a cease-and-desist order, stopping the scheme.<\/p>\n<p>Apparently, financial fraud is illegal for individuals like Madoff,but when Democrat administrations make-off&#8211; and get caught cooking the books&#8211; they don\u2019t even rate a slap on the wrist!<\/p>\n<p>I\u2019ll tell you: November cannot get heresoon enough!<\/p>\n<p>*Note: Links to content outside RushLimbaugh.com usually become inactive over time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rush\u2019s Morning Update: Cooked BooksAugust 24, 2010Watch It! Download Morning Update Video in QuickTime Listen to It! Windows Media Player|RealPlayer History was made recently when the Securities and Exchange Commission brought its first-ever action against a state; in this case, the state of New Jersey,in what amounts to fraud. In short, the state told investors [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rush&#039;s Morning Update: Cooked Books  August 24, 2010 - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Rush&#039;s Morning Update: Cooked Books  August 24, 2010 - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"Rush\u2019s Morning Update: Cooked BooksAugust 24, 2010Watch It! Download Morning Update Video in QuickTime Listen to It! Windows Media Player|RealPlayer History was made recently when the Securities and Exchange Commission brought its first-ever action against a state; in this case, the state of New Jersey,in what amounts to fraud. In short, the state told investors [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/#webpage\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/\",\"name\":\"Rush's Morning Update: Cooked Books August 24, 2010 - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/#primaryimage\"},\"datePublished\":\"2011-05-19T00:40:16+00:00\",\"dateModified\":\"2011-05-19T00:40:16+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rush\\u2019s Morning Update: Cooked Books August 24, 2010\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rush's Morning Update: Cooked Books  August 24, 2010 - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/08\/23\/rush_s_morning_update_cooked_books_august_24_2010\/","twitter_card":"summary","twitter_title":"Rush's Morning Update: Cooked Books  August 24, 2010 - The Rush Limbaugh Show","twitter_description":"Rush\u2019s Morning Update: Cooked BooksAugust 24, 2010Watch It! 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