Truth in Accounting has completed studies of the federal government, arguably the largest and most complex financial entity in the world. The reports, as well as accompanying documents can be found below.
Financial State of the Union report
Similar to the Financial State of the States report, Truth in Accounting analyzed the federal government for its fiscal health.
2020 Financial State of the Union
2019 Financial State of the Union
2018 Financial State of the Union
Defense Department Audit Report Card
We rank Defense Department component entities based on their performance in recent financial statement audits.
2021 Defense Department Audit Report Card
2020 Defense Department Audit Report Card
2019 Defense Department Audit Report Card
Topic Documents
Longer white papers discussing the federal government's finances can be found below.
Topic One: The Federal Government Doesn't Follow the Same Rules As We Do
Topic Two: The Financial State of the Union
Resources for readers:
Historical Look at the State of the Union
Resources for readers on the State of the Union 2009 - 2014
Topic Three: Entitlements
Entitlement Programs: You’re paying for them, but do you know what they’re for?
You pay for entitlements, but what are you going to receive?
Topic Four: The Greek Crisis: Comparisons to the US Great Recession
The Greek crisis: the reasons why, and the lessons available
3 Financial Mistakes Made by the US and Greece
Other Resources
Three things to know about financials for the U.S. Government in Q1 2016
Federal government credit card statement
Does the debt ceiling really matter?