The Case for an Annual “State of the Nation” Financial Report

84% of Americans are worried the national debt will hurt future generations' economic opportunities. That’s according to a Harris Poll conducted on behalf of the AICPA.

But here's the thing: right now there's no requirement for anyone to actually present the government's audited financial statements to Congress.

A new bipartisan bill would change that. The Fiscal State of the Nation Act would require the US Comptroller General to present an annual report on federal finances to Congress.

81% of Americans support this idea according to the same Harris Poll.

The Hariss Poll also found that 89% of voters think elected officials should fully understand long-term obligations like Social Security and Medicare.

The AICPA is backing the legislation and urging Congress to pass it.