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 Report of the U.S.
Sheila Weinberg, Truth in Accounting founder, shares powerful
financial information regarding the financial state of the US
government, states, cities, and Social Security. This is
information anyone who receives or plans to receive Social Security
needs to know. Also, government employees and retirees need to know
the financial info that likely will affect their retirement.
This is an interview not to be missed.
I believe we are in for a chaotic year and a bumpy economic
ride this year. It would be wise to protect your assets. Diversify.
Reduce your risk. Reduce your tax liability. Increase returns
safely. Increase liquidity to take advantage of future
opportunities.
When the
government spends more than it receives, it has to sell bonds to
off-set the currency. As long as the federal government continues
to print money, bond interest rates will remain higher. Currently,
there is no political will to reduce spending.
The federal
government's excess spending creates an opportunity. Insurance
company dividends are highly interest rate sensitive. Dividends are
expected to increase for the next 5-10 years. You earn dividends
insured, guaranteed, tax-free and highly liquid. You can take
advantage of the government's financial
irresponsibility.