US Published National Debt
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The Truth
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Each Taxpayer's Share: $920,000
Financial State of the States 2025
Our sixteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.
Financial State of the Union 2025
According to the most recent audited Financial Report of the U.S. Government, our nation’s true debt has climbed to $158.6 trillion, burdening each federal taxpayer with $974,000.
Financial State of the Cities 2025
The Financial State of the Cities report found that 54 cities did not have enough money to pay their bills. Each city has some form of a balanced budget requirement, but this new report shows that cities have not met the intent of their requirement and have pushed costs onto future taxpayers.
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.
Each taxpayer’s share of the state debt: $4,100
October 8, 2025
Michigan Capitol Confidential
Paying off the obligations the state of Michigan owes public retirees and others would require each taxpayer to surrender another $4,100 to the public treasury, according to a new report from a nonprofit that analyzes state budgets. The report also warns that Michigan’s budget could face an 8% shortfall if the federal government were to reduce its financial support of Michigan to its pre-pandemic level.
Illinois taxpayers each owe $38,800 for state’s unpaid bills
October 3, 2025
Illinois Policy Institute
llinois taxpayers in 2024 owed an average of $38,800 each, ranking No. 3 in the U.S. Illinois earned an “F” for fiscal management.
Top 5 States That Are in Debt
October 1, 2025
Bill O'Reilly
Clip from No Spin News discussing the latest Financial State of the States report.
It's Time to Amend ERISA
October 15, 2025
The retirement benefits landscape is complex, but one federal law stands out for its role in regulating private-sector pensions: the Employee Retirement Income Security Act (ERISA). Enacted in 1974, ERISA introduced accountability, transparency, and worker protections.
Pandemic Programs Expire, Leaving States with Major Funding Gaps
October 14, 2025
States face a significant loss of federal dollars as temporary pandemic-related programs that were initiated in 2020 come to an end and national fiscal pressures rise.
A Love Letter to Our Unsung Heroes
October 2, 2025
Dear teachers who light the spark of curiosity in young minds, firefighters who charge into the inferno to save strangers, police officers who stand as sentinels in the night, and all you public sector warriors who stitch the fabric of our communities together – this is for you.
Statement from Truth in Accounting on the Federal Government Shutdown
October 1, 2025
As the federal government grinds to a halt today, it’s not just a temporary inconvenience; it's a stark reminder of the chronic fiscal irresponsibility that elected officials on both sides of the aisle have perpetuated for decades, hiding the true cost of government behind opaque accounting practices.
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