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.
Citizens must be accurately informed for government to work
August 16, 2022
Actuarial News
"An example of questionable disclosure practices is found in the Illinois budgeting and financial reporting process, specifically regarding pension contributions. In 1994, then-Gov. Jim Edgar led an effort to pass a bipartisan bill to solve the state’s $15 billion pension deficit. The plan would resolve the deficit within 50 years. The plan was structured to pay down the debt very slowly in the first 15 years and accelerate at the end. This ensured that sitting politicians in the early days of the plan would not be required to make the necessary tax increases or budget cuts to pay down the debt in a meaningful way."
Philanthropy in 2022 Propels DU Forward
August 9, 2022
The University of Denver
"Visionary generosity is propelling the University of Denver forward, providing unparalleled opportunities for our students and making a meaningful difference in our communities. The University celebrates our many donors and the impact of their combined giving, which surpassed $106 million in fundraising commitments for the fiscal year that ended on June 30, 2022 – a historic record for DU."
WEBBER: For the love of God, stop the spending
August 9, 2022
Daily Journal
"I realize this will not be one of my sexiest columns, but we all need to get on board with this issue as it is crucial to our survival.
Every successful business knows when they find themselves in an economic downfall, whether of their own doing or events out of their control, they slash expenses to weather the storm. It’s really that simple, folks."
Should Social Security be eliminated as a federal entitlement program? Or would that ‘end the program as you know it’?
August 16, 2022
Market Watch
"Social Security and Medicare are two of the government’s mandatory spending programs — and popular ones at that — but one senator has suggested changing that label, making them vulnerable to annual budget cuts every year."
Thirty-Nine States Do Not Have Enough Money To Pay Their Bills
August 9, 2022
Forbes
"Most pundits and the media are trying to figure out what politicians’ posturing before the cameras really means for President Biden’s Build Back Better Pans. Yet, way below their radar is the weak financial health of the majority of U.S. states. ‘Financial State of the States,’ a report published earlier this week, shows that 39 states do not have enough money to pay their bills, potentially leaving a significant tax burden for current and future residents of their states. According to Sheila Weinberg, CEO of Truth in Accounting, a not-for-profit nonpartisan accounting watchdog, “Despite receiving federal assistance from the CARES Act and other COVID-19 related grants, the majority of states’ finances worsened. Total debt among the 50 states amounted to $1.5 trillion at the end of the fiscal year 2020, which was just the beginning of the COVID-19 pandemic.”
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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