CPA Profession Promotes Federal Fiscal Responsibility in Latest “What’s at Stake” Video

的 美国注册188bet亚洲真人体育下载 (188bet亚洲真人体育下载) is encouraging all CPAs to use the federal 政府’s financial statements as a tool to illustrate the danger budget deficits pose to our nation’s economic future.

“What’s At Stake: 的 CPA Profession’s Views on the Federal Financial Picture,” a video produced to remind practitioners and policymakers of the debt danger, premiered at the spring meeting of the 188bet亚洲真人体育下载’s Governing Council in New Orleans, La.

的 four-minute video, the latest in a series of productions, is narrated by Greg Anton, CPA, CGMA. Anton is a past chairman of the 188bet亚洲真人体育下载 board of directors, current chairman of the National CPA Financial Literacy Commission, 也是 "什么是危在旦夕"倡议.

2012年开发, the non-partisan “What’s at Stake” effort promotes the use of the federal 政府’s financial statements to provide a holistic look at the country’s financial status. 的 最新财务报表, for the year ended September 30, 2015, show that the nation’s accumulated deficit rose to $18.2 trillion – an increase of $520 billion from the year prior. This does not include $58 trillion in Social Security and Medicare, future obligations which are footnote disclosures and not reflected as liabilities or in the accumulated deficit.

在视频中, Anton observes that the federal budget deficit is expected to increase to $544 billion in fiscal year 2016, 这是自2009年以来的首次上涨. “赤字观察家, including the Congressional Budget Office, warn that if current laws remain unchanged, the budget deficit will grow by $9.未来10年将达到4万亿美元. By 2026, it could be considerably larger than its average over the past 50 years,” he reports.

的 Citizen’s Guide to the Financial Report of the U.S. 政府 notes that the 政府’s debt-to-GDP ratio will remain relatively flat over the next decade. But after ten years, a continuous rise will commence if current policy is kept in place. 的 Report concludes that, “This trend implies that current policy is not sustainable.”

Explaining the importance of candidates addressing the federal debt in a substantive way, Anton is encouraging CPAs to reach out to elected officials and candidates for federal office and raise concerns about the danger high deficits pose to our country’s economic future. “Try to raise candidates’ attention of the true financial picture we are facing using the 政府’s 2015 financial report. Offer your assistance in helping them and others understand our nation’s financial circumstances – and its consequences.”

To learn more about the 188bet亚洲真人体育下载’s "什么是危在旦夕"倡议 and the 188bet亚洲真人体育下载’s role in the Campaign to 解决债务问题,请访问 188bet亚洲真人体育下载.org/whatsatstake.