US Published National Debt
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The Truth
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Each Taxpayer's Share: $919,000
Financial State of the Cities 2022
Truth in Accounting has released its sixth annual Financial State of the Cities report.
Financial State of the Union 2022
Our Financial State of the Union report found that the financial condition of the U.S. government worsened by more than $10 trillion in 2021.
Financial State of the States 2021
Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.
Data-Z (formerly State Data Lab)
Create your own chart with more than 700 data variables, including demographic, economic and financial at the federal, state, and city level.
Which States' Residents Are Dumbest (and Smartest) About Their Money
June 28, 2022
Cheapism
"Smart Spending or Stupid Splurging?
Inflation is hitting Americans hard in more ways than one. We’re wincing in the grocery store checkout line, taking a punch to the gut at gas pumps, and those looking to buy a home are probably somewhere in a fetal position. Now more than ever, it’s important to be smart about our finances. If you’re wondering how financially intelligent the people in your state are, WalletHub conducted a study to evaluate the states with the most and least financially literate residents, comparing them for such things as financial planning, knowledge, and education and good financial habits. Here’s a look at the 10 smartest and 10 dumbest states in terms of finances."
Another sign of recovery, Stockton City Council approves nearly $900 million budget
June 28, 2022
Recordnet.com
"Stockton City Council has adopted a nearly $900 million budget for fiscal year 2022-23, an end to the “status-quo” budgets of the years of bankruptcy recovery with minimal growth, Chief Financial Officer Kimberly Trammel said."
Episode 98: Truth in Accounting
June 28, 2022
AGA Accountability Talks
"This week we speak with Sheila Weinberg, Founder and CEO of Truth in Accounting. We talk about the published US national debt vs the true amount! Check out the website for great articles and reports about the true financial state of the US, and of the States and major cities. Also, play with the Data-Z tool to see what's going on in your locality at www.truthinaccounting.org."
Where States Get Their Money
June 28, 2022
Pew State Fiscal Health
"Pandemic relief aid increased the portion of state government revenue coming from federal dollars to nearly 36% in fiscal year 2020, the highest level on record. The federal share of revenue hit new highs in most states. Federal funds were the largest source of dollars in 18 states, up from just four states a year earlier. Taxes remained the largest revenue source in the other 32 states and overall, at 45.8% of state revenue."
Where's The Pork? | OpenTheBooks Oversight Report
June 28, 2022
Open the Books
"TOP MACRO-ECONOMIC STATISTICS
1. Federal spending is out of control — while federal tax revenue is more than $4 trillion, federal spending is more than $6 trillion, leaving a $2 trillion deficit.
Top macro-economic statistics . . . The U.S. unfunded liabilities are $123 trillion. That works out to $507,589 of liability per citizen. (Source: Truth In Accounting). The largest areas of spending are on Medicare/Medicaid ($1.3 trillion), social security ($1 trillion), defense/war ($725 billion), and sadly, interest on debt ($431 billion)."
How many recessions you’ve actually lived through and what happened in every one
April 19, 2022
CNBC
"With the U.S. economy on the verge of another significant recession as a result of the global coronavirus pandemic, social media users of all ages are going online to argue about which generation has suffered more at the hand of past economic downturns."
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