US Published National Debt
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The Truth
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Each Taxpayer's Share: $986,000
Financial State of the Union 2023
Our Financial State of the Union report found that the financial condition of the U.S. government worsened by more than $12.7 trillion in 2022.
Financial State of the Cities 2023
This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities. We found that for most cities in the fiscal year 2021, pension assets increased dramatically because of strong markets. The resulting pension liability and money needed to pay bills decreased equally dramatically. Taxpayers can only hope that when pension plan investments need to be sold to pay for benefits, the market value of those investments will be high. If not, taxpayers will be on the hook to pay higher taxes to cover the promised benefits.
To download the full report on the financial condition of the 75 most populous cities, click here.
Data-Z (data-base for state and city data)
Create your own chart with more than 700 data variables, including demographic, economic and financial at the federal, state, and city level.
Financial State of the States 2022
Thirty one states did not have enough money to pay all of their bills
Illinois workers pay 21% more for workers' compensation claims than other states
May 4, 2023
The Center Square
"(The Center Square) – Illinoisans are paying more than other states for their worker's compensation claims.
A report from The Workers Compensation Research Institute looks at all worker's compensation claims over the last 48 months. The numbers show that total costs per claim with more than seven days of lost time in Illinois have grown 2% annually since 2012.
Sheila Weinberg of Truth In Accounting told The Center Square that the overall price of claims in Illinois is substantially higher than the median in other states."
More Than 30 U.S. States Don’t Have Enough Cash To Pay Their Bills
May 3, 2023
Finance Banks
"Thirty-one states, or over two-thirds of U.S. states, do not have enough cash to pay their bills. For the thirteenth year in a row, nonpartisan accounting watchdog Truth in Accounting (TIA) released its ‘Financial State of the States’ report on Tuesday describing the weak financial condition of numerous states."People Spending Other People’s Money
May 3, 2023
AGA
"Balanced budget requirements exist in 49 states and the 75 most populous cities in the U.S. This essential link between spending and taxing allows citizens to hold their elected officials accountable. Former U.S. Department of the Treasury (Treasury) official Frank Cavanaugh said it best:
“Politicians should not have the pleasure of spending (i.e., get votes) without the pain of taxing (i.e., lose votes.)”
State lawmakers alarmed in probe of $3.5B accounting error
March 27, 2023
AP News
"COLUMBIA, S.C. (AP) — Throughout several hours of sworn testimony before lawmakers tasked with investigating a $3.5 billion accounting error, South Carolina’s chief fiscal watchdog struggled to delineate a clear timeline about an admittedly complex mapping problem that plagued the office for at least a decade."
Financial State of the Union 2023
May 5, 2023
Our Financial State of the Unionreport found that the financial condition of the U.S. government worsened by more than $12.7 trillion in 2022.
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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