USA CITIZENS-HEROES CONFERENCE TO ADDRESS TRUE SCALE OF U.S. FINANCIAL OBLIGATIONS
Virtual Event to Feature Distinguished Fiscal Experts and Thought Leaders
Truth in Government, a non-profit watchdog organization founded by former U.S. Congressman and CPA Joe DioGuardi, will host the USA Citizens-Heroes Conference on
Thursday, January 9, 2025, at 3:00 PM EST.
You can register for the conference here:
Virtual Event to Feature Distinguished Fiscal Experts and Thought Leaders
The virtual event, accessible via Zoom, will bring together leading fiscal experts to shed light on the actual level of U.S. federal government financial liabilities.
Conference Highlights
The conference aims to inform the public and press about the true extent of U.S. financial obligations, which speakers assert could range from $100 trillion to as high as $200 trillion. This figure significantly exceeds commonly reported numbers, raising concerns about the accuracy of current government accounting practices.
Distinguished Speakers
The event will feature an impressive lineup of fiscal thought leaders and experts:
- David WALKER, Former Comptroller General of the United States
- Dr. Lawrence KOTLIKOFF, Renowned economist and author
- Sheila WEINBERG, CPA and Founder of Truth in Accounting
- Mike MURPHY, Senior Vice President, Committee for a Responsible Federal Budget
- Andy MILLER, Citizen Accountants
- Joseph J. DIOGUARDI, Former U.S. Congressman & CPA
Key Objectives
The conference seeks to:
- 1. Expose the discrepancy between reported and actual U.S. financial obligations
- 2. Advocate for the implementation of accrual accounting in federal financial reporting
- 3. Urge the Department of Government Efficiency (DOGE) to require FASAB to implement best practice accrual accounting.
The conference organizers argue that the U.S. federal government’s use of modified cash accounting, as opposed to accrual accounting, has led to a significant underreporting of financial obligations. They claim this practice, authorized by the Federal Accounting Standards Advisory Board (FASAB), fails to account for long-term commitments such as Social Security and Medicare adequately.
For more information about the conference, including full speaker bios and registration details, please visit: www.truthingovernment.org/citizensheroesconference
