Taxpayers told debt boosted by $1 trillion

A new report by Truth in Accounting reveals vast new piles of debt for American taxpayers – in addition to the estimated $14.5 trillion in the national debt.

While the new debt doesn’t reach that stratospheric level, the total, in the range of $1 trillion, is not pocket change, and the reporting organization calls it a “very real crisis.”

The debt is mostly what states have agreed to provide in payment for future employee pensions and health care but have yet to secure with a funding mechanism.

Sign up to participate in sending the message to members of Congress that they should refuse to raise the national debt ceiling further and enable more deficit spending in Washington. The “No More Red Ink” campaign encourages Congress to shut down all new plans for bailouts, “stimulus” spending and even the funding for Obamacare.

The state with the biggest developing headache, according to the report, is Connecticut, which has an estimated $53.3 billion shortfall, or a burden for each individual taxpayer of $41,200.



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