Free Republic

In fiscal 2022, 70 percent of the largest cities in the U.S. did not have enough money to pay their bills. In the latest comprehensive analysis of the fiscal health of the 75 most populous cities in the U.S., 53 did not have enough money to pay all of their bills, according to a Truth in Accounting analysis of the latest annual comprehensive financial reports from 2022. In its eighth annual Financial State of the Cities report, TIA found that the 75 largest cities in the U.S. had $307.4 billion worth of assets available to pay bills but their debt,...

Bloomberg, one of the nation's most respected financial news sources, recently reported that the multi-hundred-billion-dollar stimulus package recently signed into law will push the government's total commitment to addressing our economic crisis over the past year to a total of about $9.7 trillion. That's enough to send a $1,430 check to every man, woman and child in the world. It's enough to pay off more than 90 percent of all home mortgage loans in the U.S. We've dealt so much in hundreds of billions and trillions over the past several months that these massive numbers have become almost commonplace. But,...