US Published National Debt
$
The Truth
$
Each Taxpayer's Share: $689,000
Underlying government units report
TIA's new analysis of the 10 most populous U.S. cities and their largest local government units shows you're on the hook for more debt than you think.
Bill's Blog
Bill Bergman serves as TIA's Director of Research. He is responsible for managing TIA's federal project and State Data Lab's data base. Bergman spent 13 years as an economist and policy analyst at the Federal Reserve Bank of Chicago.
New state reports now available!
Have a sneak peek at this year's Financial State of the States report.
State Data Lab
Compare all 50 states and the 75 most populous cities using more than 300 unique data variables.
The Federal Project
Our Federal Project explores various aspects of government financial reporting, and will examine a different theme each month for the next year.
Chicago may finance pensions
August 13, 2018
The American Spectator
Chicago has – tell us if you’ve heard this one before – taken hits to its credit rating, resulting in higher borrowing costs, because of its unfunded pension liabilities and constant budget deficits.
Chicago officials looking at universal basic income
August 13, 2018
The Washington Free Beacon
Officials in Chicago want to test the waters of offering a universal basic income.
Bill Bergman warns Chicago is on path to bankruptcy
August 10, 2018
Chicago City Wire
Bill Bergman, director of research for Truth in Accounting, warns that Chicago’s revenues continue to fall short of the city’s expenses and the annual analysis does not accurately portray the issues.
Teachers pension fund levers up the risk in its investment portfolio
August 14, 2018
Crain’s Chicago Business
"Illinois Teachers' Retirement System, the state's biggest pension fund, is relying heavily on risky, expensive investments as it tries to claw its way out of a quicksand of unfunded pension liabilities."
SOMA’s unrealized loss: What does it mean?
August 14, 2018
Board of Governors of the Federal Reserve System
"In May 2018, the Federal Reserve published its Federal Reserve Banks Combined Quarterly Financial Report for the first quarter of 2018. For the first time since 2013, the report showed the System Open Market Account (SOMA) portfolio having an unrealized loss position."
Will the IMF ever come clean?
August 13, 2018
The Week
"So why was the International Monetary Fund — which was a party to the first two of Greece's three bailouts — so eager last week to pour cold water not on the fires but on the country's economic prospects?"
Get this in your e-mail. Subscribe below.
