Truth in Government Spending Act

Truth in Government Spending Act - Amends the Internal Revenue Code to direct the Secretary of the Treasury to include on the first page of instruction booklets for individual income tax returns a graphic presentation, in a prescribed form, depicting the following fiscal year information on an individual taxpayer basis: (1) the previous balance of the public debt and resultant interest incurred; and (2) purchase and payments information with respect to specific categories, including defense, agricultural subsidies, foreign aid, criminal justice, welfare, social security, and Medicare.