US Published National Debt
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The Truth
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Each Taxpayer's Share: $980,000
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.
Financial State of the Cities 2024
At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.
Financial State of the States 2023
Our fourteenth Financial State of the States report found debt among the states was $938.6 billion, which is down from $1.2 trillion at the end of fiscal year 2021. Overall, it appeared state debt decreased primarily due to the following two factors: tax revenue increases due to the lockdowns ending, and millions, if not billions, of dollars in federal COVID funds received by the states.
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.
California is late on its own financial health report for the 6th straight year
July 10, 2024
CalMatters
California — a state whose officials love to tout it as the world’s fifth largest economy — is late producing a report on its own financial health for the sixth year in a row.
Californians Have Little to Show for All That Government Spending
July 8, 2024
Pacific Research Institute
This impending crisis may lack the recent drama that the balanced budget requirement periodically imposes. But if the growing problem of Californians paying too much money for sub-par government services is left unaddressed, the foundations for a prosperous economy will be undermined.
Lamont, Brokman, Budgets And Budget Busters
July 5, 2024
Connecticut Centinal
The easiest way to avoid debt is through prudent policies in which the state’s annual domestic spending is substantially less over time than the state’s annual gross domestic product, a sort of economic husbandry Connecticut has not practiced for decades.
Our Mission is to Help: A Rebuttal
June 28, 2024
We've all felt some mistrust towards the government. We're trying to rebuild that trust alongside other nonprofits, educators, policy-makers, public servants, and journalists. We're sad to see that the Longview News-Journal didn't see that mission when covering our special report on the city of Longview, TX.
Unlocking Generosity: Transform Your IRA into Vital Donations
June 5, 2024
Discover a powerful way to support the Truth in Accounting mission while maximizing your tax benefits. Did you know that a qualified charitable distribution from your IRA’s annual required minimum distribution can be structured to be tax-free? This means that the transferred amount is not taxable as long as it’s paid directly from the IRA to the charitable organization.
Intern Spotlight: Zahra Mammadova
May 31, 2024
Meet Zahra Mammadova
Originally from Azerbaijan, Zahra is currently pursuing a master's degree in Accounting, Technology, and Analytics at the University of Denver, and works hard to help Truth in Accounting complete our research and reports.
A Beacon of Hope Beyond Political Polarization: TIA’s Impact on the FDTA
May 30, 2024
Truth in Accounting's drive for financial transparency has gained significant traction, bolstered by a bipartisan push from Congress. In a compelling letter dated May 14, 2024, a bipartisan group of Congressional leaders, including Senators Mike Crapo and Mark Warner, Representatives Patrick McHenry and Maxine Waters, reached out to key financial regulators. Their message was clear: it's time to act swiftly on implementing the Financial Data Transparency Act (FDTA).
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