US Published National Debt
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The Truth
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Each Taxpayer's Share: $ 993,000
Financial State of the Cities 2025
The Financial State of the Cities report found that 54 cities did not have enough money to pay their bills. Each city has some form of a balanced budget requirement, but this new report shows that cities have not met the intent of their requirement and have pushed costs onto future taxpayers.
Financial State of the States 2024
Our fifteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.
Financial State of the Union 2024
Our new Financial State of the Union report shows that the U.S. government’s financial condition worsened by $7.9 trillion in 2023.
Data-Z (database for state and city data)
Create your own chart with more than 700 data variables at the federal, state, and city levels.
Jacksonville Bold for 3.12.25: That DOGE won’t hunt
March 12, 2025
Florida Politics
The city is in a $5 billion pension hole, and with equity markets struggling in the Donald Trump era, the General Fund will have to spend more to cover that shortfall. When municipal watchdog group Truth in Accounting gave the city a D rating for fiscal mismanagement, it wasn’t short for DUUUUUU-val.
Texas Cities Racking Up Huge Amounts of Debt
March 11, 2025
KTRH News Radio
According to data from Truth in Accounting, even El Paso has a bigger budget shortfall at nearly $530 million. The biggest shortfall by a major city in Texas is Dallas, coming in at nearly $6 billion. The city of Austin is right behind them, with a deficit of nearly $6 billion.
Waste of the Day: America’s Largest Cities Can’t Pay Their Bills
March 11, 2025
RealClear Investigations
Topline: America’s 75 largest cities are collectively $300.7 billion in debt, according to the annual “State of the Cities” report from nonprofit fiscal transparency and accountability organization Truth in Accounting.
Our Fiscal Burden is Far Greater than Generally Reported
March 17, 2025
The primary purpose of our Citizen-Heroes event and ongoing efforts is to make clear to the general public that the actual financial obligations of the US Federal government are far greater than is generally understood, primarily because the US Federal government has worked hard via FASAB to hide the actual financial obligations of the U.S. Federal Government.
The Need for Radical U.S. Federal Government Reform…Now!!!!!
March 17, 2025
Imagine my surprise when I ran for Congress in 2012 only to find out that since 1950, the U.S. federal government has overspent its budget 71 of the last 75 years, bringing debt from $257 billion in 1950 ($3.3 trillion adjusted for inflation) to an unsustainable $36.2 trillion today thereby increasing our debt load ten-fold since 1950.
70 Years of Mismanagement: Untangling the Mess that is the U.S. Federal Government and the Need for Transparency
March 17, 2025
Each Citizen-Heroes participating in this effort has been fighting the good fight for financial transparency for over two decades and some for over three decades. While we understand the term hero is primarily reserved for soldiers in battle, our goal is to highlight exemplars of good citizenship here at home.
Letter to the American People: DOGE Should Support Improving Current Federal Financial Reporting
March 7, 2025
The authors of this letter recently came together in a Citizens-Hero Conference to make clear that the real financial obligations of the U.S. Federal government range from $123.8 trillion to about $200 trillion depending on the accounting methodology used to account for the promises the U.S. federal government has made regarding Social Security and Medicare.
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