Report: Every American Taxpayer Would Owe Almost $700,000 to Pay Down Worsening U.S. Debt


(Worthy News) – The federal government’s overall financial condition worsened by $4.5 trillion in 2018, according to an analysis from government financial watchdog Truth In Accounting (TIA).

With assets of $3.84 trillion, the federal government’s unfunded liabilities and debt totals $108.94 trillion, leaving a debt burden of $105 trillion.

“Our elected officials have made repeated financial decisions that have left the federal government with a debt burden of $105 trillion, including unfunded Social Security and Medicare promises,” TIA states. “That equates to a $696,000 burden for every federal taxpayer.” [ Source: Washington Free Beacon (Read More…) ]

13
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X
Join the Truth Social discussion

Latest Worthy News

Ukraine Launches Major Drone Attack On Moscow, Energy Targets
Putin Courts ASEAN Leaders in Push for “Multipolar” Challenge to U.S. Influence
Netanyahu Vows Israel Will Stay in Southern Lebanon Despite U.S.-Iran Deal
Hegseth Orders NATO Force Review, Warns Europe Must Take Lead in Its Own Defense
Trump Invokes Defense Production Act to Rebuild U.S. Missile and Munitions Stockpiles
Fulani Herdsmen Kill Five Christians In Nigeria As Kidnapped Believers Remain Missing
Mass Layoffs Hit Pro-Orbán Media As Former Hungarian Leader Defends Legacy
Jailed Journalists Mark Grim Milestones Across Eurasia As Press Freedom Concerns Grow
Canada Committee Urges Indefinite Ban On Assisted Dying For Mental Illness (Worthy News In-Depth)
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News