US Published National Debt
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The Truth
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Each Taxpayer's Share: 952,000
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.
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.
Financial State of the States 2022
This year's report found that 31 states did not have enough money to pay all of their bills.
High taxes and business surcharges are hurting Illinois residents
August 24, 2023
Chicago Tribune
"We must ask this question regarding all the taxes and fees we pay: What are we getting for our tax dollars? A 2021 report by Truth in Accounting, a government finance watchdog group, ranked Illinois 48th in the country in terms of fiscal health; only New Jersey and Connecticut were worse."
Enactment of Local Accountability Measure Shows North Carolina is a Model for More Than Tax Reform
August 17, 2023
Americans For Tax Reform
"Over the past decade, reforms enacted in North Carolina have made the state a national trendsetter in tax reform, school choice, and spending restraint. The most recent reform enacted in North Carolina could make the state a model for reining in profligate and irresponsible local governments."
Biden administration coming for middle-class money, not billionaires’ wealth
August 17, 2023
Fox 40 Jackson
"Editor’s note: This essay is adapted from the new, New York Times bestselling book, “You Will Own Nothing:Your War with a New Financial World Order and How to Fight Back” by Carol Roth.
While the Biden administration and others on the far left like to talk about the billionaires and ultra-wealthy paying their “fair share,” the proposals that they put forth always seem to focus on keeping the middle class struggling."
Meet the Interns: Amber Saxon
August 31, 2023
Hi! My name is Amber Saxon, I am the current content creator and social media marketer for Truth in Accounting. I recently graduated from Bowling Green State University in April with a degree of Bachelor of Science in Business Administration specializing in Marketing and minoring in Fashion Merchandising and Product Development.
Note from Sheila
June 20, 2023
Today's inside look focuses on the wins coming from the Truth in Accounting partnership with the University of Denver, which has opened up new opportunities and introduced our name and work to a wider audience. But these wins aren't for us. They are for you! And we can only rack up more wins with financial support. DU doesn't fund us. We fund the project.
Inconsistent bank regulation spells trouble for investors
June 13, 2023
XBRL US
"The failure of Silicon Valley Bank (SVB) was not a surprise to regulators or investors who took the time to check the bank’s financial statements and footnotes. By March of 2021, unrealized debt securities losses for the bank had already begun to climb, reaching ($1,343) million by year-end December 2021, and leaping to ($15,160) million a year later, all the while the bank’s stockholders’ equity remained flat."
Exclusive: Pentagon accounting error overvalued Ukraine weapons aid by $3 billion
May 27, 2023
Reuters
"WASHINGTON, May 18 (Reuters) - The Pentagon overestimated the value of the ammunition, missiles and other equipment it sent to Ukraine by around $3 billion, a Senate aide and a defense official said on Thursday, an error that may lead the way for more weapons being sent to Kyiv for its defense against Russian forces."
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