America's Top Cities Swamped In Debt, Chicago Leads The Way

"Taxpayers in America's ten biggest cities face an average per taxpayer burden of $50,000 in debt incurred by the county, state and or 'off-balance-sheet' transactions by city government entities, according to Truth in Accounting (TIA). The taxpayer burden, TIA explains, is the amount residents would have to pay to cover all of a government's debt. 'When the unfunded debt of these underlying government units is combined with the county, municipal, and state debt, city taxpayers are on the hook for much more than they think,' according to TIA."