Why Major U.S. Cities Are Going Broke (What They're Not Telling You)

Spending cuts are becoming increasingly common in numerous cities across the United States as inflation persists and the effects of pandemic-related stimulus measures fade away. Shockingly, an estimated 53 major cities are facing debt obligations that exceed their assets, as reported by Truth in Accounting. This organization suggests that the actual debt burdens could be even higher than what public officials disclose, particularly due to the alleged underreporting of retiree benefits. This rising tide of public debt raises concerns about the financial legacy being passed on to future generations, as they may end up bearing the consequences of today's leaders' financial decisions.

Why Major U.S. Cities Are Going Broke (What They're Not Telling You)
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