California & New York: Do these states generate profit for each citizen?
US Published National Debt
$17,599,556,606,442.00
The Truth
$81,785,460,700,385.00
Your Share: $257,800
Research
State Financial Data
Each year the Truth in Accounting staff collects data from every state's Comprehensive Annual Financial Report.
Each Taxpayer's Burden
Find how much you would have to pay to cover your state's bills. To determine your "Taxpayer Burden" Truth in Accounting calculated the money needed to pay your state's bills, including pensions.
The Municipal Debt Crisis
A thorough study of 518 taxing entities in Cook County, including Chicago. This June 2013 report was coauthored by John Nothdurft, the Heartland Institute, and Sheila Weinberg, CEO of TIA.
Morning Call
Mississippi Pension Fund Heads for Final Jeopardy
"Let’s make it a true “Double Jeopardy, Alex.”
The Volcker Risk Bubble
" ... Risk at banks is a bit like a balloon: if you squeeze one end, the other end bubbles and bulges.”
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TIA In the News
Citigroup Settlement Just a Tiny, Tiny Slice of the Illinois Pension Debt Pie
July 23, 2014
Reboot Illinois
“... There are two reasons you can just barely see the $44 million black slice. ..."
63% of NJ Taxpayers’ Income Goes To State’s Bills
July 18, 2014
Philly.com
"Truth in Accounting’s detailed analysis of the 2011 financial report, for example, found the state of New Jersey had $82.7 billion in assets, but most of these assets were not available to pay state bills."
Rahm Emanuel Says Chicago’s Financial Situation is Improving, But …
July 17, 2014
Reboot Illinois
“In his introductory letter to Chicago’s annual financial report for 2013, Mayor Rahm Emanuel stated: “In 2013, the City of Chicago made significant progress towards righting the City’s financial ship. ..."
