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Apr 23, 2024
Our Federal Government has spent more than it
receives for decades. This has become worse over time. We now
have over $34 trillion in debt and the debt is increasing about $1
trillion every 100 days. This is unsustainable.
We have tried deficit spending for decades. It has caused
inflation, economic instability,...
Apr 16, 2024
Truth in Accounting believes truthful accounting is the key
for citizens, legislators, and the press to understand the truth
about government finances.
Truth in Accounting recently released The Financial State of
the Union. This is a review of the latest available audited
Financial...
Apr 9, 2024
The compound
effects of inflation over the past 3 years is forcing many
Americans to make difficult financial decisions.
When the federal
government spends more than it receives through tax revenues,
it prints the extra dollars. This increases the amount of currency
in circulation. Extra dollars chasing products and...
Apr 2, 2024
The government
changed how it measures the Consumer Price Index (CPI) to make it
appear inflation is less severe than it
actually is.
If CPI was measured using pre-1983 methods, 2022 is estimated
to be 18%. 2023 inflation (CPI) was 9% according to the Bureau
of Economic Analysis.
These numbers are supported by a...
Mar 26, 2024
The US has Lost
2 Million Full-Time Jobs in the Past 8 Months and Wage Growth is
Slowing
Show
Description:
Consumer
spending has been the lone bright spot in the economy. Consumer
spending accounts for about 2/3 of Gross Domestic Product
(GDP).
The unprecedented amount of government stimulus has...